MOV - Dividend announcements

~ Net Sales of $134.8 million Increases 93.5% From the Prior Year Quarter ~ ~ U.S. Net Sales Exceed Pre-pandemic Level for 1st Quarter by 10.8% ~ ~ Delivers Record 1st Quarter Operating Income ~ ~ Company Provides Fiscal Year Outlook ~ ~ Board Declares Quarterly Dividend ~ 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%

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2021 results for the periods ended January 31, 2021. Efraim Grinberg, Chairman and Chief Executive Officer, stated, “Amid a challenging global operating environment, we are pleased to deliver strong fourth quarter results across key financial metrics and significant progress on our strategy during the year. Our adjusted fourth quarter performance included a sequential improvement in sales, a 220 basis point expansion in gross profit margin and an $18.1 million decline in operating expenses. Combined this drove operating income to $23.9 million, representing a $15.6 million