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Watches of Switzerland Group (WOSG) investor relations material
Watches of Switzerland Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance and outlook
Trading momentum remained strong in the 17 weeks to 30 August 2026, with positive trends continuing from FY26 and robust performance in both the US and UK markets.
Broad-based demand across key luxury brands and growth pillars such as luxury jewellery, certified pre-owned, and ecommerce contributed to diversified growth.
Integration of Deutsch & Deutsch is progressing well, positively impacting overall performance.
Confidence is reinforced in achieving strong revenue growth and EBIT margin expansion for FY27.
Showroom development and expansion
US showroom expansion included a new multi-brand location in Avalon, Georgia, and ongoing conversion of Mayors Avalon to a luxury jewellery showroom.
UK showrooms in Chelmsford and Watford reopened after refurbishment and expansion.
Additional showrooms, including Rolex Glasgow and Betteridge Greenwich, are on track to open before Christmas.
Financial guidance for FY27
Revenue growth is guided at 5–10% at constant currency, with adjusted EBIT margin expected to expand by 40–80bps from FY26.
Capex is projected at £60–£70 million, and free cash flow conversion is expected to be around 70%.
Guidance is provided on both pre-IFRS 16 and IFRS 16 bases, with exposure to £/$ exchange rate movements noted.
- Sustained growth driven by strategic pillars, diversification, and digital expansion.WOSG
Status update - Record sales and profit growth driven by U.S. strength and robust segment performance.WOSG
H2 2026 - Sales up 13%, US now over 50% of revenue, FY27 targets 5–10% growth and margin gains.WOSG
Q4 2026 TU - Raised FY26 sales guidance to 9%-11% on strong US/UK growth; EBIT margin to fall 70-90 bps.WOSG
Q3 2026 TU - Revenue up 10% at constant currency, US and e-commerce drive growth, guidance reiterated.WOSG
H1 2026 - Strong H1 FY26 revenue growth driven by US performance and resilient luxury demand.WOSG
Q2 2026 TU - Record sales, U.S. sales surpass $1bn, and robust growth in Certified Pre-Owned and jewellery.WOSG
H2 2025 - Revenue up 4% with strong US growth and pre-owned momentum; guidance unchanged.WOSG
H1 2025 - Flat revenue, margin pressure, but strong U.S. growth and ambitious expansion plans confirmed.WOSG
H2 2024
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Next Watches of Switzerland Group earnings date
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