The company reported an 11 per cent increase in sales, reaching £1.83 billion ($AUD3.44 billion) for the period ending 3 May. Watches of Switzerland operates more than 190 stores worldwide and is a major retailer of brands such as Rolex, Omega, Cartier, TAG Heuer, and Breitling.
Revenue in the US market increased by 18 per cent. CEO Brian Duffy highlighted the success of the company’s strategy in the US market.
“The US continues to be the primary engine of growth, now accounting for over half of group sales,” Duffy said.
“This is a major milestone in the world’s largest and fastest-growing luxury watch market, achieved in just eight years from entering the US.
"In the UK, performance has improved despite the challenging macroeconomic backdrop, with resilient demand for luxury watches and jewellery.”
The company recently acquired a stake in Texas retailer Deutsch & Deutsch and forecasted a revenue increase of between 5 and 10 per cent over the coming year.
More reading
Watches of Switzerland reports strong sales
Swiss watch industry relieved as US softens tariffs
Watches of Switzerland records significant sales rise
Watches of Switzerland optimistic despite market uncertainty
Business is booming for Watches of Switzerland
 | 2026 JEWELLERS' SUPPLIERS DIRECTORY
Find Anything & Everything Click for the Full Index to discover fresh products, trends, and suppliers.
If it’s not listed here, it’s not worth knowing about! The annual Suppliers Directory is the #1 directory for retailers looking for new products and new suppliers. If you don’t know, we do!
|