Watches of Switzerland Group, the luxury watch and jewellery retailer, said trading in the 17 weeks to 30 August remained consistent with the positive trends reported at its FY26 results.
The group reiterated its FY27 guidance for 5% to 10% organic revenue growth at constant currency, alongside adjusted EBIT margin expansion of 40 to 80 basis points on a pre-IFRS 16 basis.
Demand stayed strong in the US, while the UK showed further signs of market improvement, with growth broad-based across key luxury brands.
The group's strategic pillars, Luxury Jewellery, Certified Pre-Owned and Ecommerce, contributed diversified growth, and the integration of recently acquired Deutsch & Deutsch is "progressing well, with a positive impact on performance", the company said.
Showroom expansion continues on schedule. Watches of Switzerland opened a new multi-brand showroom in Avalon, Georgia in July, and is converting the existing Mayors Avalon site into a dedicated jewellery location.
In the UK, Goldsmiths Chelmsford and Goldsmiths Watford reopened after refurbishment, while Rolex Glasgow and new US showrooms in Greenwich, Connecticut and Marlton, New Jersey are all expected to open before Christmas.
The group said its performance to date reinforces confidence in "another year of strong revenue growth and a return to EBIT margin expansion".
Watches of Switzerland will issue its half-year trading update on 10 November, ahead of half-year results on 10 December.
News Intelligence what this means for the company
Watches of Switzerland reaffirmed its FY27 guidance for 5–10% organic revenue growth and 40–80 basis points of EBIT margin expansion after 17 weeks of trading that matched FY26 momentum. US demand remained strong and the UK showed fresh signs of recovery, while the company's three strategic pillars—Luxury Jewellery, Certified Pre-Owned, and Ecommerce—all contributed to diversified growth; the Deutsch & Deutsch acquisition is integrating well.
The restatement of guidance after a quarter of consistent trading removes near-term uncertainty and signals confidence in margin recovery after prior pressure. Showroom expansion (Avalon, Greenwich, Marlton, and UK refurbishments) and the successful integration of Deutsch & Deutsch suggest the company is executing its growth strategy, though the 5–10% organic growth range leaves room for execution risk in the second half.
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