Watches of Switzerland Group (LSE: WOSG) confirmed that trading for the 17 weeks to 30 August 2026 remained in line with trends reported alongside its full-year results.
Demand in the US and improving market conditions in the UK were cited as key contributors to performance during the trading period.
The luxury watch retailer reported growth across its key brands, with luxury jewellery, certified pre-owned products and ecommerce all making positive contributions.
The company said the integration of its recently acquired US business Deutsch and Deutsch was progressing as planned, adding operational depth to its American footprint.
Management reiterated the group’s guidance for the 2027 financial year, targeting constant-currency revenue growth of between 5% and 10%.
Watches of Switzerland also confirmed it continues to expect an expansion in its EBIT margin and free cash flow conversion during the financial year.
The group’s US operations create exposure to currency movements, with revenue growth guidance presented on a constant-currency basis to reflect that dynamic.
The showroom expansion and refurbishment programme remains on schedule, with new and upgraded locations opening or set to open in Georgia, New Jersey and Glasgow.
Several additional UK sites are also scheduled to open ahead of Christmas, reinforcing the group’s commitment to its physical retail network.
Watches of Switzerland Group operates 186 showrooms and seven retail websites across the UK and US, trading under brands including Watches of Switzerland, Goldsmiths, Mappin and Webb, Mayors, Betteridge, Deutsch and Deutsch, Analog:Shift and Hodinkee.
The group sells watches and jewellery from brands including Rolex, OMEGA, Cartier and Breitling, and also holds exclusive distribution rights for Roberto Coin in the Americas.
With the US having emerged as the group’s largest market by revenue and the UK showing renewed momentum, Watches of Switzerland appears well positioned to maintain steady progress through the remainder of FY27.
