Watches of Switzerland Group PLC announced that following the acquisition of Deutsch & Deutsch and the continued strong trading of the Group during third quarter of fiscal year 2026, the company updating its fiscal year 2026 guidance as follows: Sales growth in constant currency now expects 9% to 11% against previous guidance of 6% to 10%; EBIT margin % now expects -70 bps to -90 bps against previous guidance of Flat to -100 bps.
Watches of Switzerland Group PLC is a United Kingdom-based luxury watch retailer. The Company operates in the United Kingdom and the United States comprising seven brands, such as Watches of Switzerland (the United Kingdom and the United States), Mappin & Webb (the United Kingdom), Goldsmiths (the United Kingdom ), Mayors (the United States), Betteridge (the United States), Hodinkee and Analog:Shift (the United States) with a complementary jewelry offering. The Company also owns the exclusive distribution rights for Roberto Coin in the United States, Canada, Central America and the Caribbean. The Company has approximately 221 showrooms across the United Kingdom, the United States and Europe, including 96 dedicated mono-brand boutiques in partnership with Rolex, OMEGA, TAG Heuer, Breitling, TUDOR, Audemars Piguet, Grand Seiko, BVLGARI and FOPE and has a presence in Heathrow Airport with representation in Terminals two, three, four and five as well as seven retail Websites.
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