Movado Group Stock Price, News & Analysis

Movado Group (NYSE: MOV) has announced its preliminary Q4 and fiscal year 2025 results, along with scheduling an earnings conference call for April 16, 2025. The company expects Q4 net sales of $181.5 million, up from $175.8 million last year, with gross margin improving to 54.2% from 53.5%.

Q4 operating income is anticipated at $9.2 million, compared to $10.8 million in the prior year, impacted by $4.3 million in costs related to savings initiatives and an investigation into misconduct at its Dubai branch. For fiscal year 2025, MOV expects net sales of $653.4 million, down from $664.4 million, with operating income of $20.0 million versus $48.5 million last year.

The company maintains a strong financial position with $208.5 million in cash and no debt. The Board has declared a quarterly dividend of $0.35 per share, payable on May 6, 2025.

Movado Group (NYSE: MOV) partnered with Jessica Alba and Elle Magazine for the second annual Culture Makers event, hosted at Alba's residence. The event, co-hosted by Nina Garcia (Elle Magazine's Editor-in-Chief) and Tracy Brennan (CAA Senior Executive), focused on celebrating the Hispanic and Latin community.

The gathering, which was first launched in 2023 by Alba and Brennan, featured notable attendees including Eva Longoria, Danny Ramirez, Robert Rodriguez, and Andy Garcia. The event included photography by Nino Muñoz, catering by Tacos 1986, Cocina Chiwas and La Monarca Bakery, with cocktails by Don Julio.

Movado Group (NYSE: MOV) has announced a new Artist Series collaboration with renowned black artist Derrick Adams. The -edition collection features watches and clocks that combine Adams' contemporary cubism style with Movado's iconic Museum Dial design.

The collection includes five watch designs with 125 pieces each, including 25 collectors sets. Additionally, two watch designs have been transformed into wall clocks, with 125 pieces of each available. Five collectors sets and 20 of each wall clock were donated to the Studio Museum of Harlem.

This marks the latest addition to Movado's Artist Series, which spans four decades of collaborations with world-renowned artists. The collection aims to celebrate the Black experience through vibrant colors and contemporary design, creating wearable works of art that blend luxury timepieces with artistic expression.

Movado Group (NYSE: MOV) has announced its participation in the ICR Conference 2025, scheduled for January 13-15, 2025, at the Grande Lakes Orlando in Florida. Chairman and CEO Efraim Grinberg will lead a fireside chat presentation on January 14th at 2:00pm ET, while Executive VP, COO and CFO Sallie DeMarsilis will join him for investor meetings during the conference.

Movado Group is a global company that designs, sources, and distributes watches under multiple brands including MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, CALVIN KLEIN®, COACH®, TOMMY HILFIGER®, HUGO BOSS® and LACOSTE®. The company also sells jewelry and other accessories, and operates retail stores in the United States and Canada.

Movado Group (NYSE: MOV) reported Q3 fiscal 2025 results with net sales of $182.7 million, down 2.6% from last year. Operating income was $6.6 million, including $2.7 million in cost-savings initiative expenses, compared to $20.7 million in the prior year. Adjusted EPS came in at $0.37.

The company updated its fiscal 2025 outlook, now expecting net sales of approximately $665.0 million and earnings of $0.90 per diluted share, both at the low end of previous guidance. A new $50 million share buyback program was approved, and a quarterly dividend of $0.35 per share was declared.

The company maintained a strong financial position with $181.5 million in cash and no debt, while implementing cost-saving measures expected to generate $6.5 million in annual savings.

Movado Group (NYSE: MOV) has scheduled its third quarter fiscal year 2025 earnings conference call for December 5, 2024 at 9:00 a.m. Eastern Time. The company will release its Q3 FY2025 results before market opening. The call will be led by Chairman and CEO Efraim Grinberg and EVP, COO & CFO Sallie DeMarsilis. A webcast will be available at www.movadogroup.com and archived for 90 days. The company designs and distributes watches under various luxury brands including Movado, MVMT, Calvin Klein, Coach, and Tommy Hilfiger.

Movado Group (NYSE: MOV) has released its 2024 Corporate Responsibility report, highlighting progress in its 'Make Time' initiative. Key achievements include recycling 89 grams of diamonds, 40 kg of precious metals, and 3 tons of stainless steel; removing polybags from 1 million gift boxes; and tracking over 964,000 kg of product materials. The company focused on employee engagement through environmental initiatives, raising $30,000 in employee donations and diverting 3,500+ samples from landfills. Movado also maintained high sourcing standards through Responsible Jewellery Council and Leather Working Group certified suppliers while banning exotic skins in new product development.

Movado Group (NYSE: MOV) reported Q2 fiscal 2025 results with net sales of $159.3 million, down 0.7% year-over-year. The company achieved operating income of $3.0 million and EPS of $0.16. Movado brand sales increased 1.4%, with Movado.com sales up 21%. However, overall performance was impacted by a challenging consumer spending environment.

The company updated its fiscal 2025 outlook, now expecting net sales of $665.0-$675.0 million, down from previous guidance of $700.0-$710.0 million. Earnings per share are now projected at $0.90-$1.00, reduced from $1.20-$1.30 previously. Movado ended Q2 with $198 million in cash and no debt. The Board declared a quarterly dividend of $0.35 per share.

Movado (NYSE: MOV), the Swiss watchmaker, has launched its new global campaign 'When I Move You Move' featuring five brand ambassadors: Jessica Alba, Julianne Moore, Ludacris, Christian McCaffrey, and Tyrese Haliburton. The multi-year partnership aims to represent Movado's legacy of innovation, excellence, and iconic design. The campaign, inspired by movement, uses Ludacris' 2003 hit 'Stand Up' and was created in collaboration with Creative Director Robert Lussier and photographers Mert Alas & Marcus Piggott.

Movado's President, Margot Grinberg, stated that the goal is to be disruptive and engage new global audiences. The campaign will be featured across various media platforms throughout the year, showcasing watches that align with each ambassador's unique style.