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.

Earnings data Q4 2021

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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.

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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.

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) has published its 2024 Corporate Responsibility report. The report details the continued evolution of Movado Group's Corporate Responsibility program for the fiscal year ending January 31, 2024, and the progress the Company has made in its plan to “Make Time”, announced in 2022. The “Make Time” plan initially outlined the Company's goal to strengthen employee engagement, assess environmental impacts and opportunities, nurture future.

Movado Group Publishes 2024 Corporate Responsibility Report

Amentum Holdings, Inc.

Bath and Body Works

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NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Amentum Holdings Inc. (NYSE: AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works, Inc. (NYSE: BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1. Bath & Body Works will replace Movado Group, Inc. (NYSE: MOV) in the S&P SmallCap 600 also effective prior to the open of trading on October 1. S&P 500 constituent Jacob's Solutions Inc. (NYSE: J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create newly publicly traded Amentum Holdings in a transaction expected to be completed on September 30. Bath & Body Works is no longer representative of the large-cap market space and Movado is no longer representative of the small-cap market space.

Amentum Set to Join S&P 500; Bath & Body Works to Join S&P SmallCap 600

Watch designer and seller Movado's Q2 results came in mixed compared to expectations, but the lowered FY2025 outlook underlines poor returns from the increased marketing spend so far. Movado's "When I Move You Move" brand ambassador campaign needs to pay off, and while brand Google searches show stabilization, the brand is still far from good growth. The MOV stock remains unattractive in a base scenario, where the brand's sales remain stagnant and Movado keeps too high cash on its balance sheet.

Movado Q2: Higher Marketing Spend Shows Little Returns So Far

The fashion conglomerate failed to meet its own expectations for second-quarter performance. It posted decreases on both the top and bottom lines.

Why Movado Stock Got Thrashed on Thursday

Movado Group, Inc. (NYSE:MOV ) Q2 2025 Earnings Conference Call September 5, 2024 9:00 AM ET Company Participants Allison Malkin – Investor Relations-ICR, Inc. Efraim Grinberg – Chief Executive Officer Sallie DeMarsilis – Executive Vice President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Michael Legg – The Benchmark Company Operator Good day everyone, and welcome to Movado Group, Incorporated Second Quarter Fiscal Year 2025 Earnings Conference Call. As a reminder, today's call is being recorded and may not be reproduced in full or in part without permission from the company.

Movado Group, Inc. (MOV) Q2 2025 Earnings Call Transcript

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced second quarter and six-month results for the periods ended July 31, 2024. Efraim Grinberg, Chairman and Chief Executive Officer, stated, “While increased marketing investment coupled with our initiatives to enhance retail performance drove improvement in our sales trend from the first quarter, second quarter sales and earnings were below our expectations due to the challenging consumer spending environment compounded.

Movado Group, Inc. Announces Second Quarter Results

NEW YORK--(BUSINESS WIRE)--Get ready for a groundbreaking fusion of style and sensation as Bloom takes over New York Fashion Week! This exclusive event, set to take place from 4:20pm to 11pm on Sunday, September 8th, promises to be the highlight of the season, featuring a headlining performance by emerging hip hop star Tia Corine. Attendees will experience an evening of trendsetting style, innovative brands and sounds from local DJ's, all within an environment that celebrates the intersection o.

New York Fashion Week Gets a Fresh Spin with Exclusive Cannabis and Fashion Party Featuring Hip Hop Star Tia Corine

NEW YORK--(BUSINESS WIRE)--MOVADO (NYSE: MOV) is proud to announce its new roster of brand ambassadors starring in “When I Move You Move,” the brand's new global campaign featuring legendary and emerging icons in acting, music, sports, and business. The campaign includes renowned actress and entrepreneur Jessica Alba, legendary Academy Award winning actress Julianne Moore, iconic Grammy Award winning rapper, actor and entrepreneur Ludacris, Pro Bowl and All-Pro running back Christian McCaffrey,.

Movado Partners With 5 New Global Ambassadors and Launches Icons Campaign

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 2025 earnings results on Thursday, September 5, 2024 at 9:00 a.m. Eastern Time. A press release detailing the Company's second quarter fiscal year 2025 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 Sal.

Movado Group, Inc. Announces Date of Conference Call and Webcast for Second Quarter Fiscal Year 2025 Results

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Movado Group, Inc. (NYSE:MOV ) Q1 2025 Earnings Conference Call May 30, 2024 9:00 AM ET Company Participants Cody McAllister - ICR Efraim Grinberg - Chairman & Chief Executive Officer Sallie DeMarsilis - Executive Vice President, Chief Operating Officer & Chief Financial Officer Conference Call Participants Michael Legg - Benchmark Company Operator Good day, everyone, and welcome to Movado Group, Inc. First Quarter Fiscal Year 2025 Earnings Conference Call. As a reminder, today's call is being recorded and may not be reproduced in full or in part without permission from the company.

Movado Group, Inc. (MOV) Q1 2025 Earnings Call Transcript

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced first quarter fiscal 2025 results for the period ended April 30, 2024. Fiscal 2025 First Quarter Highlights Delivered net sales of $136.7 million vs. $144.9 million in the prior year period; Generated gross margin of 55.3% as compared to 56.6% in the first quarter of fiscal 2024; Generated operating income of $3.3 million as compared to $10.9 million in the prior year period; Achieved diluted earnings per share of $0.

Movado Group, Inc. Announces First Quarter Fiscal 2025 Results

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 2025 earnings results on Thursday, May 30, 2024 at 9:00 a.m. Eastern Time. A press release detailing the Company's first quarter fiscal year 2025 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 2025 Results

LOS ANGELES--(BUSINESS WIRE)--MVMT, the Venice Beach watch brand owned by Movado Group, Inc. (NYSE: MOV) who just celebrated their ten year anniversary of modern, unexpected watchmaking, is going full speed ahead with its partnership with World Champion Motocross Racer, Jett Lawrence. Crowned the “Justin Bieber of motocross” by ESPN, Lawrence embodies MVMT's brand ethos to “Live life on your own terms.” Through the collaboration, MVMT is pleased to feature exclusive content from Lawrence as wel.

MVMT, a Movado Group, Inc. Brand, Ramps Up Partnership with World Champion Motocross Racer Jett Lawrence

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced the appointment of Debbie Forman-Pavan to President of North America Sales. In this role, Ms. Forman-Pavan will be responsible for leading all avenues of sales across North America, while increasing revenue growth, and continuing to support the solid foundation of the business. Ms. Forman-Pavan is assuming this role from Alan Chinich, who has announced his retirement after nineteen years with the Company. Mr. Chinich.

Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales

Movado Group, Inc. (MOV) Q4 2024 Earnings Call Transcript

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2024 results for the periods ended January 31, 2024. Fiscal Year 2024 Highlights (See attached table for GAAP and Non-GAAP measures) Delivered net sales of $672.6 million vs. $751.9 million in fiscal 2023; Generated operating income of $54.7 million as compared to $120.4 million in the prior year period; Adjusted operating income of $56.8 million as compared to $123.2 million; Achieved.

Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2024 Results

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 fourth quarter and fiscal year 2024 earnings results on Tuesday, March 26, 2024 at 9:00 a.m. Eastern Time. A press release detailing the Company's fourth quarter and fiscal year 2024 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.

Movado Group, Inc. Announces Date of Conference Call and Webcast for Fourth Quarter and Fiscal Year 2024 Results

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Movado is well-positioned to withstand weak demand due to its strong balance sheet and large cash position. The company sells watches under its own brands and licensed fashion brands, with licensed brands accounting for half of its annual revenue. Movado's stock is slightly above its fair value, but its capital-light business model and high dividend yield make it an attractive investment for income-seeking investors.

Movado: Watch For This Cash-Rich Dividend Payer

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. [NYSE: MOV] today announced that the Company will participate in a fireside chat presentation and host investor meetings during the 26th Annual ICR Conference being held January 8th through January 10th, 2024 at the Grande Lakes Orlando in Orlando, Florida. The fireside chat presentation will be held on Tuesday, January 9th, 2024 at 10:00am Eastern Time. Efraim Grinberg, Chairman and Chief Executive Officer, will host the fireside chat presenta.

Movado Group, Inc. to Present at the 26th Annual ICR Conference

Movado Group, Inc. (NYSE:MOV ) Q3 2024 Earnings Conference Call November 30, 2023 9:00 AM ET Company Participants Rachel Schacter - ICR Efraim Grinberg - Chairman & CEO Sallie DeMarsilis - EVP, COO & CFO Conference Call Participants Michael Legg - The Benchmark Company Operator Good day, everyone, and welcome to the Movado Group, Inc. Third Quarter Fiscal 2024 Earnings Conference Call. As a reminder, today's call is being recorded and may not be reproduced in full or in part without permission from the company.

Movado Group, Inc. (MOV) Q3 2024 Earnings Call Transcript

Movado Group, Inc shares fell more than 10% Thursday morning after the watch retailer's declining sales led to a downward revision in guidance. The company posted third-quarter net sales of $187.7 million, down more than 11% from the year-ago quarter.

Movado lowers 4Q guidance as watch sales fall

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced third quarter and nine-month results for the periods ended October 31, 2023. Fiscal 2024 Third Quarter Highlights (See table below for GAAP and Non-GAAP measures) Reported net sales of $187.7 million versus $211.4 million in the third quarter of fiscal 2023; Generated gross margin of 54.5% compared to 57.3% in the prior year period; Generated operating income of $20.7 million as compared to $38.3 million in the prior.

Movado Group, Inc. Announces Third Quarter Results

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 fiscal 2024 earnings results on Thursday, November 30, 2023 at 9:00 a.m. Eastern Time. A press release detailing the Company's third quarter fiscal 2024 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 DeMarsil.

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