MOV
Movado Group, Inc.21.81
+0.10+0.46%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
482.83MP/E (TTM)
22.48Basic EPS (TTM)
0.97Dividend Yield
0.06%Recent Filings
8-K
10-Q
10-Q
Q2 FY2026 results
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.
8-K
Q2 sales up 3.1%
Movado Group reported Q2 fiscal 2026 net sales of $161.8 million, up 3.1% from $157.0 million last year, driven by licensed brands and international growth despite U.S. softness. Operating income rose to $4.0 million from $2.6 million, or $7.0 million adjusted, amid tariff pressures and forex hits that trimmed gross margins to 54.1%. The board declared a $0.35 quarterly dividend; cash stands at $180.5 million with no debt. Tariff uncertainty halts full-year outlook.
8-K
Shareholders approve directors, auditors
Movado Group shareholders convened their 2025 annual meeting on June 18, electing all eight director nominees, including Peter A. Bridgman and Efraim Grinberg, with strong support averaging over 70 million votes for despite some withholdings. They ratified PricewaterhouseCoopers as auditors for fiscal 2025, garnering 75 million yes votes, and approved executive compensation on an advisory basis with 72 million in favor. All outcomes passed decisively. Yet governance scrutiny lingers from withheld votes on certain directors.
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