Story Highlight
– Watches of Switzerland projects 5–10% revenue growth for FY27.
– Strong US trading; UK shows further improvement.
– New showrooms opened in Georgia; UK locations refurbished.
– 186 showrooms currently operated across UK and US.
– H1 trading update scheduled for 10 November 2026.
Full Story
Watches of Switzerland Group has maintained its forecast for revenue growth of 5-10% for the financial year ending 27, as trading conditions in the US continue to be robust, and recent improvements are evident in the UK market over the 17 weeks leading up to 30 August 2026.
The company anticipates a rise in revenue of 5-10% when adjusted for constant currency, along with an expected increase in adjusted EBIT margin between 40 and 80 basis points from the previous financial year. Additionally, capital expenditure is projected to be between £60 million and £70 million, with free cash flow conversion estimated at approximately 70%.
Progress on the group’s showroom development initiatives is also underway. In the US, a new multi-brand showroom was launched in Avalon, Georgia, in July, while the existing Mayors Avalon showroom is in the process of being redeveloped as a dedicated luxury jewellery outlet.
In the UK, Goldsmiths locations in Chelmsford and Watford have recently reopened following enhancements and expansions. The group is confident that the rest of its current showroom development projects, including Rolex Glasgow and Betteridge Greenwich in Connecticut, as well as new Watches of Switzerland and Mayors sites in Marlton, New Jersey, will be completed by the Christmas period.
As of 3 September, the group operates a total of 186 showrooms across both the UK and US, which includes 75 mono-brand boutiques. Their brand portfolio features Watches of Switzerland, Mappin & Webb, Goldsmiths, Mayors, Betteridge, Deutsch and Deutsch, Analog:Shift, and Hodinkee.
Watches of Switzerland is set to release its first-half trading update on 10 November 2026, followed by its half-year results on 10 December 2026. The company commented, “Our performance to date reinforces our confidence in achieving another year of strong revenue growth and a return to EBIT margin expansion.”
