Watches of Switzerland Ups Guidance Following Robust Holiday Season

Watches of Switzerland has raised its forecast for the fiscal year 2026 after it saw strong trading throughout the third quarter and holiday season.

The group now expects its revenue for the full year to reach between 9% to 11% at constant currency rates versus its previous guidance of 6% to 10%, it said last week. As well as the positive demand, the company’s acquisition of Deutsch & Deutsch also boosted sales.

“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 Watches of Switzerland CEO Brian Duffy. “It is particularly pleasing to be achieving these results despite an unusually volatile operating environment, including macroeconomic uncertainty and tariffs.”

The group expects the second half of the year to improve compared to the first half. In the third fiscal quarter, including the holiday trading period, growth exceeded expectations. Demand for key luxury products continued to outstrip supply in both the US and UK markets, the company stated.

Image: Watches of Switzerland store in London. (Shutterstock)