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. designs, sources, globally distributes and sells watches, with jewelry and other accessories as smaller categories, and operates Movado Company Stores in the United States and Canada. Its brand portfolio includes MOVADO, MVMT, OLIVIA BURTON, EBEL, CONCORD and licensed names such as CALVIN KLEIN, COACH, TOMMY HILFIGER, HUGO BOSS and LACOSTE.
Company news commonly covers quarterly and fiscal-year results, sales by owned and licensed brands, wholesale, direct-to-consumer and Company Stores performance, gross margin effects from channel mix, U.S. tariffs and foreign exchange, dividend declarations, brand campaigns, investor presentations and corporate responsibility reporting.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.