secwatch.observer — SEC 8-K summary
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Issuer:     MOVADO GROUP INC (MOV)
CIK:        0000072573
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0000950142-21-003785
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Movado Q3 net sales $217.7M (+28.2% YoY); raises annual EPS outlook to $3.35-$3.45; dividend +25%
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- Q3 diluted EPS $1.33 ($1.36 adjusted) vs $0.63 prior year; operating income $41.4M (+79%).
- Gross margin expanded 330 bps to 57.7%; U.S. net sales +41.7% YoY, International +19.7% YoY.
- Raised FY2022 outlook: net sales ~$715-720M, EPS $3.35-$3.45; expects 25% effective tax rate.
- Board approved 25% dividend increase to $0.25/share, payable Dec 17, record Dec 3.
- New $50M share repurchase program authorized through Nov 23, 2024; $8M remains under prior program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72573/000095014221003785/0000950142-21-003785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72573/000095014221003785/eh210205106_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-21-003785

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