The British watch retailer Watches of Switzerland Group continues to grow. In the third quarter of the 2025/26 financial year, it recorded sustained sales increases in the US and UK markets. This was not least due to strong Christmas business.
In the 13 weeks before January 25th, the company achieved a surprisingly clear increase in sales. Demand for luxury brands remained strong in both the UK and the US, outstripping supply. The US market experienced broad-based growth across all categories, brands and price points. Roberto Coin’s marketing campaign, among other things, contributed to this.
“I am pleased to report another period of strong results, building on the sales momentum of the first half of the year and reflecting strong business over the holiday season,” CEO Brian Duffy said in a statement. “We were also excited to acquire Deutsch & Deutsch. The company includes four Rolex-operated showrooms in Texas with a portfolio that also includes other key luxury watch and jewelry brands. This acquisition strengthens our presence in this important U.S. market.”
In view of the acquisition of Deutsch & Deutsch and the continued strong business, the company updated its forecast for the current 2025/26 financial year. Currency-adjusted sales growth of between nine and eleven percent is now expected. Previously the forecast was six to ten percent. Capital expenditure remained unchanged at 65 to 70 million British pounds (75 to 81 million euros). Management expects the EBIT margin to improve in the second half of the year compared to the first.
