Movado Group Reiterated FY25 Net Sales of $700.0M-$710.0M Vs $700.8M Est, EPS of $1.20-$1.30 Vs $1.12 Est

Fiscal 2025 Outlook

The Company continues to expect fiscal 2025 net sales to be in a range of approximately $700 million to $710 million, gross profit of approximately 55% of net sales, and operating income in a range of approximately $32 million to $35 million. Assuming no changes to current tax regulations, the Company anticipates an effective tax rate of approximately 22% for the fiscal year and earnings in a range of approximately $1.20 to $1.30 per diluted share.