Watches of Switzerland reiterates FY27 guidance as US trading remains strong
Watches of Switzerland Group has reiterated its full year guidance as its positive momentum continues.
In a trading update ahead of its AGM, the company said its performance in the 17 weeks to 30 August “remained consistent with the positive trends reported at our FY26 results.” It added that trading in the US was strong, with further signs of market improvement in the UK.
Some of the best performing categories included luxury jewellery and certified pre-owned items.
Subscribe to TRBIn the US, the group opened a new Watches of Switzerland multi-brand showroom in Avalon, Georgia, in July. In the UK, Goldsmiths Chelmsford and Goldsmiths Watford reopened following refurbishment and expansion.
The group said it is on track to deliver the remainder of its showroom pipeline as planned, with Rolex Glasgow, Betteridge Greenwich (Connecticut), and new Watches of Switzerland and Mayors showrooms in Marlton, New Jersey, all expected to open before Christmas.
“Our performance to date reinforces our confidence in achieving another year of strong revenue growth and a return to EBIT margin expansion,” it added.
Watches of Switzerland reiterated its FY27 guidance of revenue growth of 5% to 10%, and a 40 – 80bps expansion in EBIT margin.
