WoS Group reports solid festive trading
Watches of Switzerland Group has reported encouraging financial results for its Q3 FY26 period (which covers the pre-Christmas trading period).
It said that its sales growth was ahead of expectations, with its US operation delivering “sustained broad-based growth across categories.”
Mention was made of the early signs of a return on the investment that the company has made behind the scenes in ecommerce in the States, which it expects to be able to scale without much more significant investment expenditure.
It also noted the ongoing strong performance of its Certified Pre-Owned business on both sides of the Atlantic.
“I am pleased to report another period of strong performance, building on the sales momentum established in the first half and reflecting strong trading over the Holiday period,” said the Group’s CEO Brian Duffy.
In light of its Q3 FY26 results surpassing expectations, the company has updated its projections for FY26 as a whole, taking into account its acquisition of US Rolex-anchored retailer Deutsch & Deutsch just last month.
It now expects sales growth (in constant currency) to be 9–11%, whereas before it had anticipated this figure to be 6–10%.
Although its profit expectations continue to be subdued (which it puts down to one-off payments, infrastructure investments, and brand margin adjustments). The EBIT margin % has been revised from ‘flat to -100 bps (basis points)’, to ‘-70 bps to -90 bps.’
“Looking ahead we remain focused on further cementing our market position across both the US and UK, underpinned by our differentiated model, long-standing brand partnerships and disciplined execution,” Duffy concluded.
