earnings
confidence high
sentiment positive
materiality 0.75
Movado Q2 net sales +5.1% to $182.8M; EPS $1.05; raises operating income outlook
MOVADO GROUP INC
2023-Q2 EPS reported
$1.83
revenue$346,228,000
- Net sales $182.8M (+5.1% YoY, +10.5% constant currency); operating income $30.7M vs $24.6M.
- GAAP EPS $1.05, adjusted EPS $1.07; prior year $0.82 and $0.85 respectively.
- Gross margin expanded 190 bps to 58.5%; international sales up 15.3%, U.S. down 5.4%.
- FY outlook: net sales $780-790M; operating income at high end of $125-130M range; $0.35 dividend declared.