Welcome to our dedicated page for Movado Group news (Ticker: MOV), a resource for investors and traders seeking the latest updates and insights on Movado Group stock.
Movado Group Inc. (MOV) is a global leader in luxury watchmaking, renowned for blending timeless craftsmanship with modern design across its portfolio of owned and licensed brands. This news hub provides investors and industry observers with direct access to the company's official announcements and market-moving developments.
Track Movado's financial performance through quarterly earnings reports, strategic initiatives like retail expansions, and innovations in horology. Our curated feed includes updates on brand partnerships, product launches, and operational milestones that shape the company's position in the premium accessories market.
Key areas of coverage include:
• Earnings calls and SEC filings
• Licensed brand collaborations
• International distribution updates
• Retail strategy evolution
Bookmark this page for streamlined monitoring of Movado's business trajectory, with all content vetted for relevance to investment analysis and market research. Check regularly for authoritative updates from primary sources.
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.
Movado Group (NYSE: MOV) has announced its upcoming conference call to discuss second quarter fiscal year 2025 earnings results. The call is scheduled for Thursday, September 5, 2024, at 9:00 a.m. Eastern Time. A press release detailing the results will be issued before the market opens on the same day. The call will be hosted by Efraim Grinberg, Chairman and CEO, and Sallie DeMarsilis, Executive VP, COO, and CFO.
Investors can dial (877) 407-0784 with conference ID 13748504 to participate. The call will also be webcast live at www.movadogroup.com and archived for 90 days. A telephonic replay will be available from 1:00 p.m. ET on September 5 until September 19, 2024, accessible by dialing (844) 512-2921 with pin number 13748504.
Movado Group, NYSE: MOV, announced its fiscal Q1 2025 results.
Net sales reached $136.7 million, reflecting a 5.7% decline from the prior year. Gross margin decreased to 55.3% from 56.6%, and operating income dropped to $3.3 million from $10.9 million.
EPS fell to $0.13 from $0.40. The company ended the quarter with $225.4 million in cash and no debt. U.S. net sales were down 6.2%, and international net sales decreased by 5.4%.
The board approved a quarterly dividend of $0.35 per share. Movado continues to forecast fiscal 2025 net sales between $700 million and $710 million, with EPS projected between $1.20 and $1.30.
Movado Group (NYSE: MOV) has announced the date for its first quarter fiscal year 2025 earnings results conference call. The event will be held on May 30, 2024, at 9:00 a.m. ET. A press release with the earnings details will be issued prior to the call. The conference will feature discussions led by Chairman and CEO Efraim Grinberg, and COO/CFO Sallie DeMarsilis. Investors can join the call by dialing (877) 407-0784, using conference ID 13746677, or through a live webcast available at movadogroup.com. A replay of the call will be accessible until June 13, 2024. Movado Group is known for its extensive range of watch brands, including MOVADO, MVMT, and Calvin Klein.
MVMT, a Movado Group, ramps up its partnership with World Champion Motocross Racer Jett Lawrence, showcasing exclusive content and collaborations. Lawrence, known as the 'Justin Bieber of motocross,' aligns with MVMT's brand ethos of living life on your own terms. The press release highlights Lawrence's achievements and the successful partnership between MVMT and the racer, with more collaborations planned for the future.
FAQ
What is the current stock price of Movado Group (MOV)?
What is the market cap of Movado Group (MOV)?
