Company Description
Movado Group, Inc. (NYSE: MOV) is a manufacturing-sector company that designs, sources, and globally distributes and sells watches and, to a lesser extent, jewelry and other accessories. According to company disclosures, Movado Group also operates Movado Company Stores in the United States and Canada. The company’s activities align with the "Other Measuring and Controlling Device Manufacturing" industry classification within the broader manufacturing sector.
Movado Group’s business centers on a portfolio of owned and licensed watch brands. The company states that it designs, sources, and distributes timepieces under the MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, CALVIN KLEIN®, COACH®, TOMMY HILFIGER®, HUGO BOSS®, and LACOSTE® names. These brands span different style and fashion segments, and Movado Group’s role is to bring these brands to market through design, sourcing, and distribution activities, as well as through its own outlet locations.
Business segments and operations
Based on information provided in its descriptions and prior summaries, Movado Group’s operations include a Watch and Accessory Brands segment and a Company Stores segment. The Watch and Accessory Brands segment involves designing, manufacturing, and distributing watches and, to a lesser extent, jewelry and other accessories for both owned and licensed brands. The Company Stores segment consists of the company’s retail outlet locations in the United States and Canada. The company has indicated that it generates the majority of its revenue from the Watch and Accessory Brands segment and that a significant portion of its sales are derived from international markets.
Movado Group describes its activities as global, noting that it designs, sources, and distributes its branded watches worldwide. Its international footprint is reflected in references to international wholesale channels and markets outside the United States in its financial communications. At the same time, the company maintains a direct retail presence through Movado Company Stores, which serve as an outlet channel for its products in North America.
Brand portfolio focus
The company highlights a portfolio that includes both its own brands and licensed fashion and lifestyle brands. MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, and CONCORD® are presented as part of its owned or controlled brand set, while CALVIN KLEIN®, COACH®, TOMMY HILFIGER®, HUGO BOSS®, and LACOSTE® are identified as licensed brands in its descriptions. Movado Group’s role covers design and sourcing as well as global distribution and sales of these watches, and, to a lesser extent, related jewelry and accessories.
In its communications, Movado Group also emphasizes the heritage and positioning of the Movado brand itself. One of its campaigns, described as “Always in Motion. Since 1881.”, associates the Movado brand with a long history of Swiss craftsmanship, design, and watchmaking expertise. The company notes that Movado has a heritage of Swiss craftsmanship and that its approach combines artistry, design, and technology in its timepieces. This brand-level storytelling supports the broader corporate portfolio by reinforcing the identity of one of its key brands.
Distribution channels and geographic reach
Movado Group reports that it distributes its products globally. Its financial updates reference U.S. net sales and international net sales, as well as performance in international wholesale channels and online retail. The company also notes growth or changes in its global digital business and international markets in various periods. In addition to wholesale and digital channels, Movado Group operates Movado Company Stores in the United States and Canada, which provide a direct-to-consumer outlet channel for its products.
The company has discussed performance differences between U.S. and international markets in its results, including references to international wholesale growth and variations in U.S. wholesale and outlet performance. While detailed geographic breakdowns are provided in its financial reports, the overall picture presented is of a business that serves both domestic and international customers through a mix of wholesale, digital, and company-owned outlet channels.
Financial reporting and regulatory status
Movado Group’s common stock, with a par value of $0.01 per share, trades on the New York Stock Exchange under the ticker symbol MOV, as disclosed in its Form 8-K filings. The company files periodic and current reports with the U.S. Securities and Exchange Commission, including Form 8-K reports related to quarterly results, annual results, and shareholder meeting outcomes.
The company has communicated the use of both GAAP and non-GAAP financial measures in its earnings releases. It presents adjusted operating income, adjusted net income, adjusted diluted earnings per share, and constant-currency metrics, explaining that these non-GAAP measures are intended to give investors additional perspective by excluding certain items such as charges related to internal investigations, cost-savings initiatives, and the tax impact of repatriation of foreign earnings. Movado Group notes that these non-GAAP measures are meant to complement, not replace, GAAP results.
In one of its filings, Movado Group also disclosed the outcome of its annual meeting of shareholders, including the election of directors, ratification of its independent registered public accounting firm, and advisory approval of executive compensation. These disclosures illustrate the company’s ongoing status as a publicly traded corporation with formal governance and reporting obligations.
Corporate responsibility and strategic themes
Movado Group has published a Corporate Responsibility Report describing its program and a plan referred to as “Make Time.” Under this plan, the company states that it focuses on three areas: empowering and cultivating a high-performing and engaged workforce, evolving its business operations to improve performance and drive innovation, and enriching communities through partnerships and philanthropy. The report highlights activities such as leadership development, training, the use of AI tools for skills development, and initiatives to reduce material use and remove virgin plastic from its value chain.
The company also notes partnerships with cultural institutions and nonprofits, including an Artist Series Collection that benefits the Studio Museum in Harlem. These disclosures indicate that Movado Group incorporates workforce development, operational efficiency, and community engagement into its broader corporate responsibility framework.
Investor considerations
For investors researching MOV stock, Movado Group’s public communications emphasize its global watch and accessory business, its mix of owned and licensed brands, and its combination of wholesale, digital, and outlet distribution channels. The company also discusses factors that can influence its results, such as tariffs, foreign exchange rates, changes in consumer preferences, and broader economic conditions, in the risk discussions attached to its earnings releases.
Movado Group’s use of dividends and share repurchase programs is also described in its announcements, where it has reported board-approved quarterly cash dividends and authorized share repurchase programs. These capital allocation decisions are part of the information investors may review alongside the company’s operating performance, brand portfolio, and global reach when evaluating MOV as an investment.
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Short Interest History
Short interest in Movado Group (MOV) currently stands at 290.9 thousand shares, down 12.8% from the previous reporting period, representing 1.9% of the float. Over the past 12 months, short interest has decreased by 61%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Movado Group (MOV) currently stands at 2.0 days. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has decreased 39.9% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.9 to 8.0 days.