secwatch.observer — SEC 8-K summary
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Issuer:     MOVADO GROUP INC (MOV)
CIK:        0000072573
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0000950142-22-001099
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Movado Group reports record Q4 and FY2022 revenue; raises quarterly dividend 40% to $0.35
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- FY2022 net sales $732.4M (+44.6% YoY); diluted EPS $3.87 (adjusted $3.94).
- Q4 net sales $206.0M (+15.5% YoY); diluted EPS $1.33 (adjusted $1.32).
- Board approves 40% dividend increase to $0.35/share, payable Apr 20, 2022 to holders of record Apr 6.
- FY2023 outlook: net sales $780-800M, operating income $125-130M, gross margin ~58%.
- Ended Q4 with $277.1M cash, no debt; plans to accelerate share repurchases with $52.4M remaining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72573/000095014222001099/0000950142-22-001099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72573/000095014222001099/eh220237259_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-001099

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