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) 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.
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