Watches of Switzerland Group buoyant about growth in FY27
Watches of Switzerland Group has reported its financial results for the 17 weeks to August 30, with trading in the US remaining strong.
In particular, the group said that the integration of Deutsch & Deutsch, following its acquisition at the start of the year, had been “progressing well, with a positive impact on performance.” The brand has four showrooms in Texas in El Paso, Laredo, McAllen, with the four stores having generated an annual revenue of $67m in the year ending 2024 before Watches of Switzerland swooped.
The company said that its other key market, the UK, was showing “further signs of market improvement,” with the reopening of Goldsmiths Watford and Goldsmiths Chelmsford following their refurbishments.
Across the board, it said that the opening of other key showrooms — Rolex in Glasgow, Betteridge in Greenwich, Connecticut, and the new Watches of Switzerland and Mayors showrooms in Marlton, New Jersey — were all on track to be open by Christmas.
It leaves the company confident of a strong performance over the course of the full financial year, and it’s predicting a return to EBIT margin expansion and revenue growth at constant currency of 5%–10%.
