Watches of Switzerland confirms full-year outlook

Watches of Switzerland Group PLC on Thursday confirmed its outlook for the full financial year ending in May 2027.

Leicester, England-based Watches of Switzerland confirmed full-year guidance for 5% to 10% revenue growth at constant currency, and adjusted earnings before interest and taxes margin expansion of between 40 and 80 basis points. This outlook was unchanged from mid-May.

The luxury watch and jewellery retailer said trading in the first 17 weeks of its financial year 2027 was consistent with the positive trends highlighted in its last full-year results.

Demand was widespread across its key luxury brands, with strong trading in the US and signs of improvements in the UK market, said the company.

It added the integration of jewellery retailer Deutsch & Deutsch was progressing well and its showroom expansion programme remained on track, with several new openings planned before Christmas.

Watches of Switzerland shares slid 3.2% to 660.00 pence in London on Thursday morning.

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