Editor’s Note
**Editor’s Note:** Watches of Switzerland posted an 11% revenue increase in fiscal 2026, with U.S. sales surging 18%, despite a “complex operating backdrop.” The acquisition of Roberto Coin’s U.S. division for $130 million bolstered performance.
The watch and jewelry retailer had a strong fiscal year despite what its CEO described as a “complex operating backdrop.”
The Watches of Switzerland store in the Mall of America. The watch and jewelry retailer reported an 11 percent increase in revenue in its recently concluded fiscal year, with sales in the U.S. market climbing nearly 20 percent.
For the fiscal year 2026 ended May 3, the watch and jewelry retailer reported that U.S. sales increased 18 percent year-over-year (24 percent in constant currency terms) from £786 million ($1.1 billion) to £927 million ($1.25 billion).
In 2024, the company acquired the U.S. division of Roberto Coin for $130 million. The deal gave the retailer exclusive distribution rights for Roberto Coin jewelry in the United States, Canada, the Caribbean, and Central America.
Total sales for Watches of Switzerland, including its U.K. division, reached £1.83 billion ($2.45 billion), up 11 percent year-over-year (13 percent on a constant currency basis).
U.K. sales increased 5 percent year-over-year in both reported and constant currency terms, reaching £901 million ($1.21 billion).
Watches of Switzerland’s US Sales Jump 18%, Declines to Comment on Sale Report
Jul 15, 2026
Watches of Switzerland’s US Sales Jump 18%, Declines to Comment on Sale Report
Michelle Graff
[email protected]
Braunstone, England—Watches of Switzerland recorded a double-digit increase in sales in its recently concluded fiscal year and views the U.S. market as a “major opportunity” for growth and market share gains.
That figure includes £811 million ($1.1 billion) in sales at Watches of Switzerland’s U.S. retail stores—up from £681 million ($915 million) in fiscal year 2025—plus £126 million ($169 million) in Roberto Coin wholesale revenue, up from £110 million ($148 million) last year.
Adjusted EBIT increased 3 percent (6 percent in constant currency terms), and operating profit jumped 49 percent.
Meanwhile, the company’s net debt shrank from £96 million ($129 million) to £57 million ($77 million), the result of “the discipline and momentum in the business.”
The company’s guidance for fiscal year 2027 remained unchanged from what it provided when it reported its fourth-quarter results—revenue growth of 5-10 percent on a constant currency basis.
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Watches of Switzerland reported its fiscal year 2026 results Tuesday morning, one day after Reuters published a report claiming the retailer has been courting offers from private equity firms and other bidders to buy the company and take it private.
Duffy declined to comment on the report on the company’s earnings call Tuesday morning.
Based in the U.K., Watches of Switzerland had, as of May 3, 191 stores in the U.K. and U.S., including 81 monobrand boutiques operated in partnership with the following: Rolex, Omega, TAG Heuer, Breitling, Tudor, Longines, Grand Seiko, Roberto Coin, Bulgari, and Fope.
In addition to Watches of Switzerland stores, the company has Mayors, Betteridge, and Deutsch & Deutsch stores in the U.S., and owns the e-commerce site Analog:Shift as well as the watch news platform Hodinkee.