Movado Group

Movado Group, Inc. engages in the design, manufacture, and distribution of watches. It operates through Watch and Accessory Brands and Company Stores segments. The Watch and Accessory Brands segment include distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment comprises company's physical retail outlet locations. The company was founded by Gedalio Grinberg in 1967 and is headquartered in Paramus, NJ.

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Movado Group faces sales decline but sees growth opportunities abroad

Movado Group's Q1 2024 earnings call highlighted the impact of a challenging macroeconomic environment on sales, with declines in both international and U.S. markets. Despite these challenges, the company is actively addressing the situation by focusing on innovation and brand image refresh. There are opportunities for growth in specific international markets and the travel retail segment.

Movado Group reports Q2 sales decline, focuses on recovery

Movado Group's Q2 performance was marked by a significant decline in net sales and gross profit margin, leading to a decrease in operating income. However, the company's strong balance sheet and strategic focus on long-term initiatives provide a foundation for potential recovery and growth in the second half of the year.

Movado reports Q3 sales decline, maintains strong balance sheet

Movado Group, Inc. faced a sales decline in Q3 2023, with challenges in both the U.S. and international businesses. However, the company maintained a strong balance sheet, returned value to shareholders, and expressed confidence in navigating global challenges and driving innovation. Despite the cautious outlook, Movado sees opportunities in product innovation and marketing initiatives for future growth.

Movado Group reports record sales in 2023, anticipates market challenges

Movado Group's fiscal 2023 performance reflects resilience amidst market challenges, with a focus on innovation and brand revitalization.
While facing sales declines and outlet store challenges, the company's strong financial position and strategic initiatives position it for long-term success.
Opportunities in brand collaborations, product introductions, and brand evolution offer avenues for growth and adaptation to market dynamics.

Movado Group reports Q1 sales decline, focuses on innovation

Movado Group faced challenges in Q1 2024 due to macroeconomic factors but maintained a focus on innovation and brand awareness.
The company's strong balance sheet and strategic initiatives position it well to navigate uncertain economic conditions.
Opportunities for growth exist through prudent expense management, innovative pricing strategies, and market expansion.

Movado Group reports Q2 sales decline, focuses on brand growth

Movado Group navigated a challenging Q2 with sales decline, focusing on brand refresh and strategic investments for future growth.
Despite economic headwinds, Movado's strong balance sheet and commitment to shareholders position the company for long-term value creation.
Balancing brand investments with cost control remains a key focus as Movado anticipates sales decline in the second half of the year.

Movado Group reports Q3 decline but maintains profitability and innovation

Movado Group's Q3 performance reflected a decline in sales but maintained profitability and a strong balance sheet.
The company's strategic focus on brand investments and product innovation yielded success in key categories and initiatives.
While challenges persist, Movado remains confident in its ability to navigate global uncertainties and drive innovation for future growth.

Movado Group reports decline in sales, plans aggressive marketing push

Movado Group navigated a challenging retail environment with declining sales but maintained a strong financial position. The company plans to invest in marketing initiatives to drive growth and reestablish growth through brand refreshes. By prioritizing long-term growth over short-term profitability, Movado Group aims to strengthen its market position.

Movado Group reports Q1 sales decline but optimistic about growth

Movado Group's Q1 performance showed a decline in sales but promising growth in brand building initiatives. Despite challenges in sales and operating income, the company remains optimistic about future revenue growth. Movado's strategic focus on brand refresh and new product launches presents opportunities for long-term success.

Movado Group reports flat Q2 sales, invests in brand-building

Movado Group's Q2 2025 performance reflects flat net sales, declining operating profit, and a healthy gross margin. Despite challenges in the retail and watch category, the company's strategic initiatives and brand-building efforts show promise. With increased marketing investments and new product launches, Movado Group aims to drive growth and improve financial metrics.

Movado Group reports Q3 earnings decline, eyes international growth

Movado Group's Q3 performance saw a slight decline in net sales but strategic investments for future growth.
Strong performance of Movado brand in India and growth of licensed brands highlight company strengths.
Challenges in the U.S. retail market persist, but international markets offer growth opportunities.
Focus on expense management and brand strengthening to improve profitability in fiscal 2026.

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Movado Group, Inc. engages in the design, manufacture, and distribution of watches. It operates through the Watch and Accessory Brands, and Company Stores segments. The Watch and Accessory Brands segment includes the distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment is composed of the company's physical retail outlet locations. The company was founded by Gedalio Grinberg in 1967 and is headquartered in Paramus, NJ.

Movado Group, Inc. (MOV) CEO Efraim Grinberg on Q3 2022 Results - Earning Calls Transcript

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced third quarter and nine month results for the period ended October 31, 2021. Efraim Grinberg, Chairman and Chief Executive Officer, stated, “We are very pleased to report record third quarter results that continued our positive momentum from the first half of the year, highlighted by sales growth of 28%, gross margin expansion of 330 basis points and a nearly 80% increase in operating income. I am proud of our team's

Movado Group, Inc. Announces Record Third Quarter Results; Increases Annual Outlook

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company's conference call to discuss third quarter 2022 earnings results on Tuesday, November 23, 2021 at 9:00 a.m. Eastern Time. A press release detailing the Company's third quarter 2022 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeMarsilis, Executive V

Movado Group, Inc. Announces Date of Conference Call and Webcast for Third Quarter 2022 Results

We believe that as the top percentile are to continue being wealthy, they will be able to afford more luxury watches. Global watchmakers such as Rolex have begun limiting their manufacturing quantities creating an economics 101 effect on pricing power.

Movado Group: Limited Supply Has Created The Perfect Storm

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NEW YORK, Oct. 6, 2021 /PRNewswire/ -- Movado is proud to announce its next Artist Series collaboration with Carmen Herrera, a renowned 106-year-old Cuban-American artist. Herrera's style, defined by bold colors, strong lines, and dynamic geometric forms, portrays a sense of orderly minimalism influenced by her early training as an architect.

MOVADO Launches Its Next Artist Series With Renowned Cuban-American Artist Carmen Herrera to Benefit Public Art Fund

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Huge Revenue and EPS beat for Q2, full-year revenue guidance raised, positive outlook. Strong balance sheet with 23% net cash [zero debt] of the market cap.

Movado: Q2 Huge Beat At Twice Consensus, 23% Net Cash And P/E Of 9x

Movado Group, Inc.'s (MOV) CEO Efraim Grinberg on Q2 2022 Results - Earnings Call Transcript

Shares of Movado Group (NYSE:MOV) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 1314.29% year over year to $0.85, which beat the estimate of $0.30.

Recap: Movado Group Q2 Earnings

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced record second quarter and six-month results for the periods ended July 31, 2021, with robust growth in second quarter net sales, operating income and earnings per share as compared to the comparable quarter of fiscal 2021. Current period results also surpassed fiscal 2020 second quarter results, which were not negatively impacted by the pandemic. Efraim Grinberg, Chairman and Chief Executive Officer, stated, “We repo

Movado Group, Inc. Announces Record Second Quarter Results Increases Annual Outlook

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company's conference call to discuss second quarter fiscal year 2022 earnings results on Thursday, August 26, 2021 at 9:00 a.m. Eastern Time. A press release detailing the Company's second quarter fiscal year 2022 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Salli

Movado Group, Inc. Announces Date of Conference Call and Webcast for Second Quarter Fiscal Year 2022 Results

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced that the Company is scheduled to present at the Jefferies Virtual Consumer Conference on Wednesday, June 23, 2021 at 8:35 am Eastern Time. A link to the live webcast can be accessed at www.movadogroup.com. Participants should log in approximately 10 minutes prior to the start of the event. An online replay will also be available following the event. Movado Group, Inc. designs, sources, and distributes MOVADO®, MVMT®,

Movado Group, Inc. Announces Participation in the Jefferies Virtual Consumer Conference

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Huge Revenue & EPS beat for Q1, full-year revenue guidance raised, positive outlook.

Movado Group: Record Q1, 27% Net Cash, 6x P/E, Global Luxury Booming

Movado Group, Inc. (MOV) CEO Efraim Grinberg on Q1 2022 Results - Earnings Call Transcript

Shares of Movado Group (NYSE:MOV) decreased 1.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 176.79% year over year to $0.43, which may not compare to the estimate of ($0.08).

Recap: Movado Group Q1 Earnings

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced first quarter results for the period ended April 30, 2021. Fiscal 2022 First Quarter Highlights (see table below for GAAP and Non-GAAP measures) Delivered topline growth with an increase of 93.5% over first quarter fiscal 2021. Total net sales decreased 8.0% as compared to pre-pandemic first quarter fiscal 2020 with a 10.8% increase in U.S. net sales offset by a 20.8% decrease in International net sales reflecting th

Movado Group, Inc. Announces First Quarter Fiscal 2022 Results

Is (MOV) Outperforming Other Retail-Wholesale Stocks This Year?

Is Movado Group (MOV) Outperforming Other Retail-Wholesale Stocks This Year?

Movado (MOV) closed at $30.22 in the latest trading session, marking a -1.56% move from the prior day.

Movado (MOV) Stock Sinks As Market Gains: What You Should Know

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company's conference call to discuss first quarter fiscal year 2022 earnings results on Thursday, May 27, 2021 at 9:00 a.m. Eastern Time. A press release detailing the Company's first quarter fiscal year 2022 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeM

Movado Group, Inc. Announces Date of Conference Call and Webcast for First Quarter Fiscal Year 2022 Results

Movado (MOV) closed the most recent trading day at $30.11, moving -0.95% from the previous trading session.

Movado (MOV) Dips More Than Broader Markets: What You Should Know

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced the release of its Corporate Responsibility Report, providing transparency into and driving accountability for its environmental, social, and governance (ESG) programs. The Report follows the disclosure and reporting requirements of the Global Reporting Initiative (GRI), an international reporting framework focused on ESG concerns. The Report is being published following a year characterized by a global health crisis

Movado Group Issues Corporate Responsibility Report, Providing Transparency Into Its Environmental, Social, and Governance (ESG) Programs

New industry data released on Switzerland watch exports very relevant for Movado. Swiss watch exports to the USA rose by 13% YoY for second straight month in March – Movado's primary manufacturing hub is Switzerland.

News for Movado Group Stock (MOV)