Watches of Switzerland holds guidance as US strength drives trading momentum Proactive uses images sourced from Shutterstock
Watches of Switzerland Group PLC (LSE:WOSG)‘s trading remained encouraging during the 17 weeks to 30 August, with strong US demand and further signs of improvement in the UK supporting confidence in its full-year guidance.
The luxury watch retailer’s performance remained consistent with the positive trends 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, while the integration of recently acquired Deutsch & Deutsch was progressing well and having a positive impact on performance.
The group reiterated guidance for organic revenue growth of between 5% and 10% at constant currency in the current financial year, alongside a 40 to 80 basis point expansion in adjusted EBIT margin.
Capital expenditure is expected to be between £60 million and £70 million, with free cash flow conversion of around 70%.
Watches of Switzerland also continues to expand its showroom estate, opening a new multi-brand store in Avalon, Georgia, while further openings in Glasgow, Connecticut and New Jersey are planned before Christmas.
The company said its performance so far reinforced confidence in delivering another year of strong revenue growth and a return to margin expansion.
Separately, Watches of Switzerland published its 2026 Annual Report and Accounts ahead of its annual general meeting in London on 3 September.
The group currently operates 186 showrooms across the UK and US, including 75 dedicated mono-brand boutiques.