Watches of Switzerland Group PLC (LSE:WOSG) reported encouraging trading across the 17 weeks to 30 August 2026, with strong US demand underpinning its confidence in full-year targets.
The luxury watch retailer said its performance remained consistent with the positive trends it reported alongside its full-year results, with broad-based demand across key brands.
Luxury jewellery, certified pre-owned watches, and ecommerce all contributed to growth during the period, supporting the group’s overall trading momentum.
The integration of recently acquired Deutsch and Deutsch was described as progressing well, with the business having a positive impact on overall group performance.
Watches of Switzerland reiterated guidance for organic revenue growth of between 5% and 10% at constant currency for the current financial year.
The group also maintained its forecast for a 40 to 80 basis point expansion in adjusted EBIT margin alongside that revenue growth target.
Capital expenditure is expected to fall between £60 million and £70 million for the year, with free cash flow conversion of around 70%.
The company continues to expand its showroom footprint, having opened a new multi-brand store in Avalon, Georgia, during the trading period.
Further openings in Glasgow, Connecticut, and New Jersey are planned before the Christmas period, adding to the group’s growing retail estate.
The group currently operates 186 showrooms across the UK and US, including 75 dedicated mono-brand boutiques, reflecting its substantial retail presence in both markets.
The company said its performance so far reinforced confidence in delivering another year of strong revenue growth and a return to margin expansion.
Watches of Switzerland also published its 2026 Annual Report and Accounts ahead of its annual general meeting, held in London on 3 September 2026.
