MOV Research | Milton Maxwell

MOV

Movado Group, Inc.

21.81

+0.10+0.46%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '26

3/18/26Mar 18, 2026

Key Stats

Market Cap

482.83M

P/E (TTM)

22.48

Basic EPS (TTM)

0.97

Dividend Yield

0.06%

Recent Filings

8-K

3/19/26Mar 19, 2026

10-K

3/19/26Mar 19, 2026

8-K

Q3 sales up 3.1%, profits double

11/25/25Nov 25, 2025

Movado Group posted Q3 fiscal 2026 net sales of $186.1 million, up 3.1% from last year, with gross margin expanding 80 basis points to 54.3% despite tariff hikes. Operating income nearly doubled to $11.7 million, EPS hit $0.42; board hiked dividend to $0.35 per share. Cash-rich at $183.9 million, no debt—but outlook withheld amid tariff uncertainty.

10-Q

Q3 FY2026 results

11/25/25Nov 25, 2025

Movado Group posted Q3 FY2026 net sales of $186.1M, up 3.1% y/y from $180.5M, with licensed brands driving gains while owned brands dipped; gross margin expanded to 54.3% from 53.5% despite tariff headwinds. Operating income doubled to $11.7M from $6.0M, aided by lower marketing and payroll costs post-savings initiative, though offset by $0.9M Dubai probe expenses. Diluted EPS rose to $0.42 from $0.21 on 22.7M shares. Cash sits at $183.9M with $99.7M revolver availability and no debt; ops cash flow turned positive YTD at $1.3M. Solid wholesale momentum builds. Yet Dubai restatement lingers.

10-Q

Q2 FY2026 results

8/28/25Aug 28, 2025

Movado Group posted Q2 FY2026 net sales of $161.8M, up 3.1% y/y from $157.0M, driven by licensed brands growth of 9.5% that offset a 7.2% drop in owned brands; gross margin slipped to 54.1% from 54.3% amid U.S. tariffs and forex headwinds, yet operating income climbed to $4.0M from $2.6M as cost-savings kicked in. YTD sales edged 0.8% higher to $293.6M, with operating income dipping to $4.3M from $4.8M; diluted EPS held at $0.20, reconciling to 22.5M weighted shares with no anti-dilution flagged. Cash balances fell to $180.5M after $11.0M operating outflow, mainly from inventory builds to counter tariffs, while $99.7M revolver availability underscores liquidity strength—no debt outstanding. Professional fees tied to the Dubai misconduct probe weighed on expenses, but severance from headcount cuts promises $10M annual savings. Tariffs pose the sharpest near-term risk, squeezing U.S. margins further.

About

Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein. It also designs, sources, markets, and distributes jewelry and other accessories; and provides after-sales and shipping services. The company's customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. It sells directly to consumers through its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is headquartered in Paramus, New Jersey.

CEO

Mr. Efraim Grinberg

IPO

9/30/1993

Website

https://www.movadogroup.com

Employees

1,009

Sector

Consumer Cyclical

Industry

Luxury Goods