Watches of Switzerland Group Q3 Earnings Call Highlights

Watches of Switzerland Group (LON:WOSG) reported a beardown third-quarter FY26 trading performance, with Chief Executive Officer Brian Duffy telling investors that momentum seen successful the archetypal fractional continued done the cardinal Christmas vacation period. Duffy was joined connected the telephone by Chief Financial Officer Anders and Group Finance and Investor Relations Director Caroline.

Management said request for its “key brands” remains beardown and continues to outstrip proviso successful some the U.S. and U.K. markets. The institution besides raised its full-year gross maturation outlook connected the backmost of the quarter’s performance, aboriginal benefits from caller investments, and the publication from its recently announced acquisition of Deutsch & Deutsch.

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Duffy said the U.S. delivered “sustained broad-based maturation crossed categories, brand, and terms points,” which helium attributed to the spot of the group’s exemplary and what helium described arsenic continued buoyancy successful the luxury ticker market. He highlighted pre-owned, e-commerce, and Roberto Coin arsenic maturation projects “performing peculiarly well.”

In the U.K., Duffy said trading was accordant with first-half trends and called retired the show of the Rolex Old Bond Street boutique. He said the flagship showroom has generated beardown lawsuit engagement and has been attracting a precocious level of caller customers, with insights being shared crossed the wider store property to assistance elevate the luxury retail experience.

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On the user environment, absorption described the U.K. arsenic “stable,” noting that sentiment appeared “a wee spot better” than astatine the anterior update. Duffy said the institution placed somewhat much accent connected worth during the Christmas play and reported a bully vacation play successful the U.K.

In the U.S., Duffy described the user arsenic “very buoyant and affirmative and confident,” adding that spending has remained strong. He referenced Bank of America recognition paper information for January that helium said showed spot successful luxury jewelry and watches. He besides said determination was “no alteration successful the momentum going done January,” calling it a bully period for the business.

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Management said it present expects full-year gross maturation of 9% to 11% astatine changeless currency, up from the erstwhile 6% to 10% range. Duffy said the improved outlook reflects beardown quarterly trading, aboriginal benefits from e-commerce and selling investments, bully visibility for the equilibrium of the year, and the publication from Deutsch & Deutsch.