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 Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q2 2024

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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.

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