• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2025 Results

    4/16/25 6:45:00 AM ET
    $MOV
    Consumer Specialties
    Consumer Discretionary
    Get the next $MOV alert in real time by email

    ~ Fiscal 2025 Net Sales of $653.4 million ~

    ~ Fiscal 2025 Operating Income of $20.0 million and Adjusted Operating Income of $27.1 million ~

    ~ Fiscal 2025 EPS of $0.81 and Fiscal 2025 Adjusted EPS of $1.12 ~

    ~ Fourth Quarter Net Sales of $181.5 million ~

    ~ Fourth Quarter EPS of $0.36 and Fourth Quarter Adjusted EPS of $0.51 ~

    ~ Board Declared Quarterly Dividend of $0.35 Per Share ~

    Movado Group, Inc. (NYSE:MOV) today announced fourth quarter and fiscal year 2025 results for the periods ended January 31, 2025. As previously announced, on April 11, 2025, the Company filed a Current Report on Form 8-K in which it presented restated prior-period financial results for each of the three fiscal years ended January 31, 2024, and the interim periods within fiscal years 2025 and 2024. As a result, the historical periods presented in this press release incorporate the restated financial results.

    Fiscal Year 2025 Highlights (See attached table for GAAP and Non-GAAP measures)

    • Net sales of $653.4 million vs. $664.4 million in fiscal 2024;
    • Operating income of $20.0 million compared to $48.5 million in the prior year period;
    • Adjusted operating income of $27.1 million in fiscal 2025;
    • Diluted earnings per share of $0.81 compared to $1.83 in the prior year period;
    • Adjusted diluted earnings per share of $1.12 in fiscal 2025; and
    • Ended the year with cash of $208.5 million and no debt.

    Efraim Grinberg, Chairman and Chief Executive Officer, stated: "Despite a challenging macroeconomic backdrop, we delivered net sales growth in the fourth quarter and also expanded gross profit margin while increasing marketing spend in support of future growth. As we communicated when reporting third quarter results in December, we increased our focus on reducing go-forward operating expenses. As of our fiscal year end, we had already implemented actions that are expected to deliver $10 million in annualized savings while increasing efficiency across our enterprise in order to generate higher productivity and profitability. Additionally, we will bring our marketing spend to be more in line with sales in fiscal 2026, with planned spend being reduced by a range of $15 million to $20 million relative to fiscal 2025."

    "Given the ongoing uncertainty within the global retail environment, tariffs, and economic unrest that may ensue, we will continue to focus on the areas that we can control. We have always prided ourselves on strong execution, delivering innovation for our customers and brands, and driving demand through effective marketing messaging across our brand portfolio."

    Mr. Grinberg concluded, "Introducing innovation across our watch and jewelry brands globally, executing with discipline, and leveraging our strong balance sheet with $208.5 million in cash and no debt will continue to serve us well as we navigate the current uncertain global economic environment. We are pleased that last Friday we announced that our board had declared a quarterly dividend of $0.35 per share, and we remain committed to prioritizing returning value to shareholders through ongoing quarterly cash dividends and our share repurchase program."

    Fiscal Fourth Quarter Highlights (See attached table for GAAP and Non-GAAP measures)

    • Net sales of $181.5 million versus $175.8 million in the fourth quarter of fiscal 2024;
    • Gross margin of 54.2% as compared to 53.5% in the prior year period;
    • Operating income of $9.2 million as compared to $10.8 million in the prior year period;
    • Adjusted operating income of $13.5 million in the fourth quarter of fiscal 2025;
    • Diluted earnings per share of $0.36 as compared to $0.43 in the prior year period; and
    • Adjusted diluted earnings per share was $0.51 in the fourth quarter of fiscal 2025.

    Non-GAAP Items (See attached table for GAAP and Non-GAAP measures)

    Fiscal 2025 results of operations included the following items:

    • a fourth quarter pre-tax charge of $1.8 million, or $1.5 million after tax, representing $0.07 per diluted share, associated with the establishment of a provision associated with a corporate cost-savings initiative. For the full fiscal year, the pre-tax charge was $4.6 million, or $3.7 million after tax, representing $0.16 per diluted share.
    • a fourth quarter and full year pre-tax charge of $2.5 million, or $1.9 million after tax, representing $0.08 per diluted share, associated with professional fees related to the investigation of conduct by certain employees of the Company's Dubai branch.
    • a full year after tax charge of $1.5 million, representing $0.07 per diluted share, associated with the tax impact of repatriation of foreign earnings, primarily related to foreign currency gains.

    In this press release, references to "adjusted" results exclude the impact of the above charges. Please refer to the attached GAAP and Non-GAAP measures table for a detailed reconciliation of the Company's reported results to its adjusted, non-GAAP results.

    Fourth Quarter Fiscal 2025 Results (See attached table for GAAP and Non-GAAP measures)

    • Net sales increased 3.3% to $181.5 million, or increased 5.0% on a constant dollar basis, compared to $175.8 million in the fourth quarter of fiscal 2024. The increase in net sales reflected growth in international wholesale channels and online retail, partially offset by declines in U.S. wholesale customers' brick and mortar stores and Movado Company Stores, as well as the negative impact of fluctuations in foreign exchange rates. U.S. net sales decreased 2.9% as compared to the fourth quarter of last year. International net sales increased 8.8% (an increase of 12.2% on a constant dollar basis) as compared to the fourth quarter of last year.
    • Gross profit was $98.3 million, or 54.2% of net sales, compared to $94.1 million, or 53.5% of net sales in the fourth quarter of fiscal 2024. The increase in gross margin percentage was primarily the result of favorable changes in channel and product mix and the increased leverage of lower fixed costs over higher sales, partially offset by the unfavorable impact of foreign currency exchange rates.
    • Operating expenses were $89.1 million in the fourth quarter of fiscal 2025 compared to $83.3 million in the fourth quarter of fiscal 2024. Adjusted operating expenses were $84.8 million for the fourth quarter of fiscal 2025. The change in operating expenses was primarily due to higher marketing expenses and the charges described above under "Non-GAAP Items," partially offset by lower payroll and related expenses.
    • Operating income was $9.2 million compared to $10.8 million in the fourth quarter of fiscal 2024. Adjusted operating income was $13.5 million for the fourth quarter of fiscal 2025.
    • The Company recorded a tax provision of $2.2 million, as compared to a tax provision of $2.3 million in the fourth quarter of fiscal 2024. Based on adjusted pre-tax income, the adjusted tax provision was $3.1 million, or an adjusted tax rate of 20.6%, as compared to a tax rate of 18.9%, in the fourth quarter of fiscal 2024.
    • Net income for the fourth quarter of fiscal 2025 was $8.1 million, or $0.36 per diluted share, compared to net income of $9.8 million, or $0.43 per diluted share, in the fourth quarter of fiscal 2024. Adjusted net income for the fiscal 2025 period was $11.5 million, or $0.51 per diluted share.

    Full Year Fiscal 2025 Results (See attached table for GAAP and Non-GAAP measures)

    • Net sales decreased 1.7% to $653.4 million, or decreased 1.5% on a constant dollar basis, compared to $664.4 million in fiscal 2024. The decrease in net sales reflected declines in U.S. wholesale customers' brick and mortar stores and Movado Company Stores, as well as the negative impact of fluctuations in foreign exchange rates, partially offset by growth in online retail in the U.S. and in international wholesale channels. Net sales decreased 4.0% in the U.S. as compared to fiscal 2024. International net sales increased 0.2% (an increase of 0.6% on a constant dollar basis) as compared to fiscal 2024.
    • Gross profit was $353.1 million, or 54.0% of net sales, compared to gross profit of $364.2 million, or 54.8% of net sales in fiscal 2024. The decrease in gross margin percentage was primarily the result of unfavorable changes in channel and product mix, the decreased leverage of higher fixed costs over lower sales and the unfavorable impact of foreign currency exchange rates, partially offset by reduced shipping costs.
    • Operating expenses were $333.1 million in fiscal 2025 compared to $315.7 million in fiscal 2024. For fiscal 2025, adjusted operating expenses were $326.1 million. This increase was primarily due to higher marketing expense and the charges described above under "Non-GAAP Items," partially offset by lower performance-based compensation.
    • Operating income was $20.0 million in fiscal 2025 as compared to operating income of $48.5 million in fiscal 2024. Adjusted operating income for fiscal 2025 was $27.1 million.
    • The Company recorded a tax provision of $7.4 million in fiscal 2025 compared to a tax provision of $11.8 million in fiscal 2024. Based on adjusted pre-tax income, the adjusted tax provision was $7.4 million, or an adjusted tax rate of 22.0%, as compared to a tax rate of 21.9% in fiscal 2024.
    • Net income was $18.4 million, or $0.81 per diluted share, for fiscal 2025, compared to net income of $41.3 million, or $1.83 per diluted share, for fiscal 2024. Adjusted net income in fiscal 2025 was $25.4 million or $1.12 per diluted share.

    Fiscal 2026 Outlook

    Given the current economic uncertainty and the unpredictable impact of recent tariff developments on the Company's business, the Company has elected not to provide a fiscal 2026 outlook at this time. However, the Company is planning to take actions to partially mitigate the impact of the recent tariff changes, including select price increases at the wholesale and retail levels.

    Quarterly Dividend and Share Repurchase Program

    The Company also announced on April 11, 2025, that the Board of Directors approved the payment on May 6, 2025, of a cash dividend in the amount of $0.35 for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on April 22, 2025.

    During fiscal year 2025, the Company repurchased approximately 120,000 shares under its November 23, 2021, share repurchase program which expired on November 23, 2024. As of year-end, the Company had $50.0 million remaining available under its December 5, 2024 share repurchase program.

    Conference Call

    The Company's management will host a conference call and audio webcast to discuss its results today, April 16, 2025, at 9:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 407-0784. Additionally, a live webcast of the call can be accessed at www.movadogroup.com. The webcast will be archived on the Company's website approximately one hour after the conclusion of the call. Additionally, a telephonic replay of the call will be available from 1:00 p.m. ET on April 16, 2025, until 11:59 p.m. ET on April 30, 2025, and can be accessed by dialing (844) 512-2921 and entering replay pin number 13752902.

    Movado Group, Inc. designs, sources, and globally distributes and sells MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, CALVIN KLEIN®, COACH®, TOMMY HILFIGER®, HUGO BOSS®, and LACOSTE® watches and, to a lesser extent, jewelry and other accessories, and operates Movado Company Stores in the United States and Canada.

    In this release, the Company presents certain financial measures that are not calculated according to generally accepted accounting principles in the United States ("GAAP"). Specifically, the Company is presenting adjusted operating expenses, diluted earnings per share, adjusted diluted earnings per share, adjusted operating income, adjusted pre-tax income, adjusted tax provision and adjusted net income, which are operating expenses, operating income, pre-tax income, tax provision and net income, respectively, under GAAP, adjusted to eliminate the establishment of a provision associated with a cost-savings initiative, professional fees related to the investigation referred to above and the impact of the repatriation of foreign earnings. The Company believes these adjusted measures are useful because they give investors information about the Company's financial performance without the effect of certain items that the Company believes are not characteristic of its usual operations. Additionally, the Company is presenting constant currency information to provide a framework to assess how its business performed excluding the effects of foreign currency exchange rate fluctuations in the current period. Comparisons of financial results on a constant dollar basis are calculated by translating each foreign currency at the same U.S. dollar exchange rate as in effect for the prior-year period for both periods being compared. The Company believes this information is useful to investors to facilitate comparisons of operating results. These non-GAAP financial measures are designed to complement the GAAP financial information presented in this release. The non-GAAP financial measures presented should not be considered in isolation from or as a substitute for the comparable GAAP financial measures, and the methods of their calculation may differ substantially from similarly titled measures used by other companies.

    This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "expects," "anticipates," "believes," "targets," "goals," "projects," "intends," "plans," "seeks," "estimates," "may," "will," "should" and variations of such words and similar expressions. Similarly, statements in this press release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements and levels of future dividends to differ materially from those expressed in, or implied by, these statements. These risks and uncertainties may include, but are not limited to, the Company's ability to implement and maintain effective internal control over financial reporting in the future, plans to remediate the material weakness with respect to the Company's internal control over financial reporting and disclosure controls and procedures, general economic and business conditions which may impact disposable income of consumers in the United States and the other significant markets (including Europe) where the Company's products are sold, uncertainty regarding such economic and business conditions, including inflation, elevated interest rates, increased commodity prices and tightness in the labor market, trends in consumer debt levels and bad debt write-offs, general uncertainty related to geopolitical concerns, the impact of international hostilities, including the Russian invasion of Ukraine and war in the Middle East, on global markets, economies and consumer spending, on energy and shipping costs, and on the Company's supply chain and suppliers, supply disruptions, delivery delays and increased shipping costs, defaults on or downgrades of sovereign debt and the impact of any of those events on consumer spending, evolving stakeholder expectations and emerging complex laws on environmental, social, and governance matters, changes in consumer preferences and popularity of particular designs, new product development and introduction, decrease in mall traffic and increase in e-commerce, the ability of the Company to successfully implement its business strategies, competitive products and pricing, including price increases to offset increased costs, the impact of "smart" watches and other wearable tech products on the traditional watch market, seasonality, availability of alternative sources of supply in the case of the loss of any significant supplier or any supplier's inability to fulfill the Company's orders, the loss of or curtailed sales to significant customers, the Company's dependence on key employees and officers, the ability to successfully integrate the operations of acquired businesses without disruption to other business activities, the possible impairment of acquired intangible assets, risks associated with the Company's minority investments in early-stage growth companies and venture capital funds that invest in such companies, the continuation of the Company's major warehouse and distribution centers, the continuation of licensing arrangements with third parties, losses possible from pending or future litigation and administrative proceedings, the ability to secure and protect trademarks, patents and other intellectual property rights, the ability to lease new stores on suitable terms in desired markets and to complete construction on a timely basis, the ability of the Company to successfully manage its expenses on a continuing basis, information systems failure or breaches of network security, complex and quickly-evolving regulations regarding privacy and data protection, the continued availability to the Company of financing and credit on favorable terms, business disruptions, and general risks associated with doing business internationally, including, without limitation, import duties, tariffs (including retaliatory tariffs), quotas, political and economic stability, changes to existing laws or regulations, and impacts of currency exchange rate fluctuations and the success of hedging strategies related thereto, and the other factors discussed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this press release are likely to cause these statements to become outdated with the passage of time. The Company assumes no duty to update its forward-looking statements and this release shall not be construed to indicate the assumption by the Company of any duty to update its outlook in the future.

    (Tables to follow)

    MOVADO GROUP, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except per share data)
    (Unaudited)
     
     
    Three Months Ended Twelve Months Ended
    January 31, January 31,
     

     

    2025

     

     

     

    2024

     

     

     

    2025

     

     

     

    2024

     

    (As Restated) (As Restated)
    Net sales

    $

    181,475

     

    $

    175,753

     

    $

    653,378

     

    $

    664,389

     

     
    Cost of sales

     

    83,137

     

     

    81,659

     

     

    300,238

     

     

    300,230

     

     
    Gross profit

     

    98,338

     

     

    94,094

     

     

    353,140

     

     

    364,159

     

     
    Total operating expenses

     

    89,116

     

     

    83,311

     

     

    333,125

     

     

    315,689

     

     
    Operating income

     

    9,222

     

     

    10,783

     

     

    20,015

     

     

    48,470

     

     
    Non-operating income/(expense):
    Other income, net

     

    1,554

     

     

    1,800

     

     

    7,125

     

     

    5,994

     

    Interest expense

     

    (117

    )

     

    (136

    )

     

    (489

    )

     

    (497

    )

     
    Income before income taxes

     

    10,659

     

     

    12,447

     

     

    26,651

     

     

    53,967

     

     
    Provision for income taxes

     

    2,201

     

     

    2,348

     

     

    7,442

     

     

    11,792

     

     
    Net income

     

    8,458

     

     

    10,099

     

     

    19,209

     

     

    42,175

     

     
    Less: Net income attributable to noncontrolling interests

     

    405

     

     

    262

     

     

    845

     

     

    830

     

     
    Net income attributable to Movado Group, Inc.

    $

    8,053

     

    $

    9,837

     

    $

    18,364

     

    $

    41,345

     

     
    Diluted Income Per Share Information
    Net income per share attributable to Movado Group, Inc.

    $

    0.36

     

    $

    0.43

     

    $

    0.81

     

    $

    1.83

     

     
    Weighted diluted average shares outstanding

     

    22,534

     

     

    22,708

     

     

    22,603

     

     

    22,641

     

    MOVADO GROUP, INC.
    GAAP AND NON-GAAP MEASURES
    (In thousands, except for percentage data)
    (Unaudited)
     
     
    Three Months Ended
    January 31,

    % Change

     

     

    2025

     

    2024

     

    (As Restated)

     

    Total net sales, as reported

    $

    181,475

    $

    175,753

    3.3%

     

    Total net sales, constant dollar basis

    $

    184,561

    $

    175,753

    5.0%

     

     

     

    Twelve Months Ended

     

    January 31,

    % Change

     

     

    2025

     

    2024

     

    (As Restated)

     

    Total net sales, as reported

    $

    653,378

    $

    664,389

    -1.7%

     

    Total net sales, constant dollar basis

    $

    654,728

    $

    664,389

    -1.5%

    MOVADO GROUP, INC.
    GAAP AND NON-GAAP MEASURES
    (In thousands, except per share data)
    (Unaudited)
     
    Net Sales Gross Profit Total Operating

    Expenses
    Operating

    Income
    Pre-tax Income Provision/(Benefit)

    for Income Taxes
    Net Income

    Attributable to

    Movado Group, Inc.
    Diluted EPS
    Three Months Ended January 31, 2025
    As Reported (GAAP)

    $

    181,475

    $

    98,338

    $

    89,116

     

    $

    9,222

    $

    10,659

    $

    2,201

     

    $

    8,053

    $

    0.36

    Cost-Savings Initiative (1)

     

    -

     

    -

     

    (1,817

    )

     

    1,817

     

    1,817

     

    277

     

     

    1,540

     

    0.07

    Professional fees (2)

     

    -

     

    -

     

    (2,500

    )

     

    2,500

     

    2,500

     

    608

     

     

    1,892

     

    0.08

    Adjusted Results (Non-GAAP)

    $

    181,475

    $

    98,338

    $

    84,799

     

    $

    13,539

    $

    14,976

    $

    3,086

     

    $

    11,485

    $

    0.51

     
     
    Three Months Ended January 31, 2024 (As Restated)
    As Reported (GAAP)

    $

    175,753

    $

    94,094

    $

    83,311

     

    $

    10,783

    $

    12,447

    $

    2,348

     

    $

    9,837

    $

    0.43

     
     
    Net Sales Gross Profit Total Operating

    Expenses
    Operating

    Income
    Pre-tax Income Provision/(Benefit)

    for Income Taxes
    Net Income

    Attributable to

    Movado Group, Inc.
    Diluted EPS
    Twelve Months Ended January 31, 2025
    As Reported (GAAP)

    $

    653,378

    $

    353,140

    $

    333,125

     

    $

    20,015

    $

    26,651

    $

    7,442

     

    $

    18,364

    $

    0.81

    Cost-Savings Initiative (1)

     

    -

     

    -

     

    (4,552

    )

     

    4,552

     

    4,552

     

    838

     

     

    3,714

     

    0.16

    Professional fees

     

    -

     

    -

     

    (2,500

    )

     

    2,500

     

    2,500

     

    608

     

     

    1,892

     

    0.08

    Repatriation of Foreign Earnings (3)

     

    -

     

    -

     

    -

     

     

    -

     

    -

     

    (1,458

    )

     

    1,458

     

    0.07

    Adjusted Results (Non-GAAP)

    $

    653,378

    $

    353,140

    $

    326,073

     

    $

    27,067

    $

    33,703

    $

    7,430

     

    $

    25,428

    $

    1.12

     
     
    Twelve Months Ended January 31, 2024 (As Restated)
    As Reported (GAAP)

    $

    664,389

    $

    364,159

    $

    315,689

     

    $

    48,470

    $

    53,967

    $

    11,792

     

    $

    41,345

    $

    1.83

    (1)

      Related to the establishment of provisions associated with a corporate cost-savings initiative.

    (2)

      Professional fees related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary that resulted in a restatement of previously issued financial statements.

    (3)

      Tax impact of repatriation of foreign earnings, primarily related to foreign currency gains.
    MOVADO GROUP, INC.
    CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
     

     

    January 31, January 31,

     

    2025

    2024

     

    (As Restated)
    ASSETS

     

     

     

    Cash and cash equivalents

     

    $

    208,501

    $

    262,059

    Trade receivables, net

     

     

    93,382

     

    86,044

    Inventories

     

     

    156,738

     

    153,890

    Other current assets

     

     

    21,786

     

    17,962

    Income taxes receivable

     

     

    9,534

     

    11,339

    Total current assets

     

     

    489,941

     

    531,294

     

    Property, plant and equipment, net

     

     

    19,920

     

    19,436

    Operating lease right-of-use assets

     

     

    86,009

     

    82,661

    Deferred and non-current income taxes

     

     

    41,330

     

    43,016

    Other intangibles, net

     

     

    5,537

     

    7,493

    Other non-current assets

     

     

    86,494

     

    72,598

    Total assets

     

    $

    729,231

    $

    756,498

     

    LIABILITIES AND EQUITY

     

     

     

    Accounts payable

     

    $

    34,312

    $

    32,775

    Accrued liabilities

     

     

    42,610

     

    38,695

    Accrued payroll and benefits

     

     

    7,840

     

    7,591

    Current operating lease liabilities

     

     

    19,263

     

    15,696

    Income taxes payable

     

     

    8,935

     

    16,642

    Total current liabilities

     

     

    112,960

     

    111,399

     

    Deferred and non-current income taxes payable

     

     

    1,008

     

    8,234

    Non-current operating lease liabilities

     

     

    75,508

     

    76,396

    Other non-current liabilities

     

     

    56,176

     

    52,420

     

    Shareholders' equity

     

     

    481,329

     

    505,890

     

    Noncontrolling interest

     

     

    2,250

     

    2,159

    Total equity

     

     

    483,579

     

    508,049

     

    Total liabilities and equity

     

    $

    729,231

    $

    756,498

     
    MOVADO GROUP, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
    (Unaudited)
     

    Twelve Months Ended

    January 31,

     

     

    2025

     

     

    2024

     

    Cash flows from operating activities: (As Restated)
    Net income

    $

    19,209

     

    $

    42,175

     

    Depreciation and amortization

     

    9,312

     

     

    9,644

     

    Other non-cash adjustments

     

    9,548

     

     

    14,921

     

    Changes in working capital

     

    (34,884

    )

     

    8,770

     

    Changes in non-current assets and liabilities

     

    (4,689

    )

     

    1,268

     

    Net cash (used in)/provided by operating activities

     

    (1,504

    )

     

    76,778

     

     
    Cash flows from investing activities:
    Capital expenditures

     

    (7,966

    )

     

    (8,223

    )

    Long-term investments

     

    (5,667

    )

     

    (3,107

    )

    Trademarks and other intangibles

     

    (109

    )

     

    (144

    )

    Net cash used in investing activities

     

    (13,742

    )

     

    (11,474

    )

     
    Cash flows from financing activities:
    Dividends paid

     

    (31,069

    )

     

    (53,146

    )

    Stock repurchases

     

    (2,628

    )

     

    (3,116

    )

    Distribution of noncontrolling interest earnings

     

    (604

    )

     

    (1,431

    )

    Stock awards and options exercised and other changes

     

    (1,101

    )

     

    97

     

    Net cash used in financing activities

     

    (35,402

    )

     

    (57,596

    )

     
    Effect of exchange rate changes on cash, cash equivalents, and restricted cash

     

    (2,952

    )

     

    2,927

     

    Net change in cash, cash equivalents, and restricted cash

     

    (53,600

    )

     

    10,635

     

    Cash, cash equivalents, and restricted cash at beginning of period

     

    262,814

     

     

    252,179

     

     
    Cash, cash equivalents, and restricted cash at end of period

    $

    209,214

     

    $

    262,814

     

     
    Reconciliation of cash, cash equivalents, and restricted cash:
    Cash and cash equivalents

    $

    208,501

     

    $

    262,059

     

    Restricted cash included in other non-current assets

     

    713

     

     

    755

     

    Cash, cash equivalents, and restricted cash

    $

    209,214

     

    $

    262,814

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250416466477/en/

    ICR, Inc.

    Allison Malkin

    203-682-8225

    Get the next $MOV alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MOV

    DatePrice TargetRatingAnalyst
    1/2/2025$31.50Buy
    BWS Financial
    9/29/2023$41.00Buy
    The Benchmark Company
    More analyst ratings

    $MOV
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2025 Results

      ~ Fiscal 2025 Net Sales of $653.4 million ~ ~ Fiscal 2025 Operating Income of $20.0 million and Adjusted Operating Income of $27.1 million ~ ~ Fiscal 2025 EPS of $0.81 and Fiscal 2025 Adjusted EPS of $1.12 ~ ~ Fourth Quarter Net Sales of $181.5 million ~ ~ Fourth Quarter EPS of $0.36 and Fourth Quarter Adjusted EPS of $0.51 ~ ~ Board Declared Quarterly Dividend of $0.35 Per Share ~ Movado Group, Inc. (NYSE:MOV) today announced fourth quarter and fiscal year 2025 results for the periods ended January 31, 2025. As previously announced, on April 11, 2025, the Company filed a Current Report on Form 8-K in which it presented restated prior-period financial results for each of the three fis

      4/16/25 6:45:00 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Movado Group, Inc. Announces Date of Conference Call and Webcast for Fourth Quarter and Fiscal Year 2025 Results

      Provides Preliminary Net Sales, Gross Margin, and Operating Income Results for the Fourth Quarter and Fiscal Year 2025 ~ Board Declares Quarterly Dividend of $0.35 Per Share ~ 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 2025 earnings results on Wednesday, April 16, 2025 at 9:00 a.m. Eastern Time. A press release detailing the Company's fourth quarter and 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 DeMarsilis, Executive Vice President, Chief O

      4/11/25 7:10:00 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Jessica Alba partners with Elle Magazine and Movado for the 2nd Annual Culture Makers Event

      LOS ANGELES, Feb. 25, 2025 /PRNewswire/ -- Jessica Alba hosted the second annual Culture Makers event at her home in partnership with Movado (NYSE:MOV) and Elle Magazine. The co-hosts for the evening along with Alba included Nina Garcia, Editor-in-Chief, ELLE Magazine and Tracy Brennan, Senior Executive at CAA. Jessica and Tracy created and launched Culture Makers in 2023 with the purpose of uniting, celebrating, and honoring the Hispanic and Latin community. "I am thrilled to host another #CultureMakers event this year. Since our first gathering, #CultureMakers continues to g

      2/25/25 1:04:00 PM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary

    $MOV
    SEC Filings

    See more
    • SEC Form DEFA14A filed by Movado Group Inc.

      DEFA14A - MOVADO GROUP INC (0000072573) (Filer)

      5/7/25 6:05:55 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • SEC Form DEF 14A filed by Movado Group Inc.

      DEF 14A - MOVADO GROUP INC (0000072573) (Filer)

      5/7/25 6:05:25 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • SEC Form 10-K filed by Movado Group Inc.

      10-K - MOVADO GROUP INC (0000072573) (Filer)

      4/16/25 10:25:01 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary

    $MOV
    Financials

    Live finance-specific insights

    See more

    $MOV
    Leadership Updates

    Live Leadership Updates

    See more
    • Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2025 Results

      ~ Fiscal 2025 Net Sales of $653.4 million ~ ~ Fiscal 2025 Operating Income of $20.0 million and Adjusted Operating Income of $27.1 million ~ ~ Fiscal 2025 EPS of $0.81 and Fiscal 2025 Adjusted EPS of $1.12 ~ ~ Fourth Quarter Net Sales of $181.5 million ~ ~ Fourth Quarter EPS of $0.36 and Fourth Quarter Adjusted EPS of $0.51 ~ ~ Board Declared Quarterly Dividend of $0.35 Per Share ~ Movado Group, Inc. (NYSE:MOV) today announced fourth quarter and fiscal year 2025 results for the periods ended January 31, 2025. As previously announced, on April 11, 2025, the Company filed a Current Report on Form 8-K in which it presented restated prior-period financial results for each of the three fis

      4/16/25 6:45:00 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Movado Group, Inc. Announces Date of Conference Call and Webcast for Fourth Quarter and Fiscal Year 2025 Results

      Provides Preliminary Net Sales, Gross Margin, and Operating Income Results for the Fourth Quarter and Fiscal Year 2025 ~ Board Declares Quarterly Dividend of $0.35 Per Share ~ 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 2025 earnings results on Wednesday, April 16, 2025 at 9:00 a.m. Eastern Time. A press release detailing the Company's fourth quarter and 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 DeMarsilis, Executive Vice President, Chief O

      4/11/25 7:10:00 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Movado Group, Inc. Announces Third Quarter Results

      ~ Net Sales of $182.7 million ~ ~ Operating Income of $6.6 million and Adjusted Operating Income of $9.3 million ~ ~ EPS of $0.22 and Adjusted EPS of $0.37 ~ ~ Updates Fiscal Year 2025 Outlook ~ ~ Board Approves New Share Repurchase Program and Declares Quarterly Dividend of $0.35 Per Share ~ Movado Group, Inc. (NYSE:MOV) today announced third quarter and nine-month results for the periods ended October 31, 2024. Efraim Grinberg, Chairman and Chief Executive Officer, stated, "We continued to advance our strategy in the third quarter, unveiling a captivating Movado brand-building marketing campaign in September, launching iconic product families across our brand portfolio, and de

      12/5/24 6:45:00 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Amentum Set to Join S&P 500; Bath & Body Works to Join S&P SmallCap 600

      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

      9/24/24 6:13:00 PM ET
      $BBWI
      $J
      $MOV
      $SPGI
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
      Military/Government/Technical
      Industrials
    • Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales

      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 will remain as an advisor to support the transition until his retirement at the beginning of July. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240402568130/en/Debbie

      4/2/24 7:00:00 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Movado Group Announces Appointment of Michelle Kennedy as Senior Vice President, Human Resources

      Movado Group, Inc. (NYSE:MOV) today announced the appointment of Michelle Kennedy to Senior Vice President, Human Resources, effective immediately. In this role, Ms. Kennedy will be responsible for the Company's global human resources strategy and operations; talent management, including recruitment and leadership development; and compensation and benefits. Previously, the position was held by Vivian D'Elia, who has been with Movado Group for close to 30 years, and will remain with the Company as an advisor to support the transition until her retirement at the beginning of July. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230

      5/1/23 9:00:00 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary

    $MOV
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Movado Group Inc.

      SC 13G/A - MOVADO GROUP INC (0000072573) (Subject)

      11/12/24 3:58:23 PM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Movado Group Inc.

      SC 13G/A - MOVADO GROUP INC (0000072573) (Subject)

      11/4/24 1:24:39 PM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Movado Group Inc.

      SC 13G/A - MOVADO GROUP INC (0000072573) (Subject)

      10/15/24 1:31:55 PM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary

    $MOV
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $MOV
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • BWS Financial initiated coverage on Movado Group with a new price target

      BWS Financial initiated coverage of Movado Group with a rating of Buy and set a new price target of $31.50

      1/2/25 9:12:01 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • The Benchmark Company initiated coverage on Movado Group with a new price target

      The Benchmark Company initiated coverage of Movado Group with a rating of Buy and set a new price target of $41.00

      9/29/23 7:56:36 AM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Amendment: Senior VP and General Counsel Sussis Mitchell Cole was granted 17,634 shares, increasing direct ownership by 89% to 37,355 units (SEC Form 4)

      4/A - MOVADO GROUP INC (0000072573) (Issuer)

      5/8/25 7:28:42 PM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Amendment: EVP,Commercial President & CTO Soltani Behzad was granted 34,577 shares, increasing direct ownership by 118% to 63,879 units (SEC Form 4)

      4/A - MOVADO GROUP INC (0000072573) (Issuer)

      5/8/25 7:27:25 PM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary
    • Amendment: SVP, Human Resources Kennedy Michelle was granted 17,634 shares, increasing direct ownership by 153% to 29,147 units (SEC Form 4)

      4/A - MOVADO GROUP INC (0000072573) (Issuer)

      5/8/25 7:26:14 PM ET
      $MOV
      Consumer Specialties
      Consumer Discretionary