Movado Q1 net sales rise on broad-based growth, raises dividend

Movado Group, Inc.

Movado Group, Inc.

MOV

0.00


Overview

  • US watch and jewelry maker's fiscal Q1 net sales rose 8% yr/yr

  • Adjusted EPS for fiscal Q1 rose to $0.32 from $0.08 last year

  • Company raised quarterly dividend by $0.05 to $0.40 per share


Outlook

  • Movado did not provide fiscal 2027 outlook due to economic and geopolitical uncertainty

  • Company expects net sales growth to moderate in the second qtr


Result Drivers

  • BROAD-BASED SALES GROWTH - Co said net sales increased across owned and licensed brands and company stores

  • STRONG U.S. AND EUROPE - U.S. and Europe sales gains more than offset declines in the Middle East due to conflict

  • GROSS MARGIN EXPANSION - Gross margin rose due to favorable channel and product mix and better cost leverage over higher sales


Company press release: ID:nBw6K3ZP2a


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

Beat

$142.40 mln

$135.12 mln (2 Analysts)

Q1 Adjusted EPS

Beat

$0.32

$0.05 (2 Analysts)

Q1 Net Income

$6.93 mln

Q1 Gross Profit

$81.59 mln

Q1 Operating Income

$7.02 mln

Q1 Pretax Profit

$8.87 mln


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