Movado Q3 adjusted EPS $1.31, constant-currency sales +3.4%; cuts FY outlook

MOVADO GROUP INC

2023-Q3 EPS reported $3.12 revenue$557,625,000

GAAP EPS $1.28, adjusted EPS $1.31; revenue $211.4M (-2.9% reported, +3.4% constant currency).
International sales up 10.2% constant currency; U.S. down 5.9%.
FY23 net sales guidance lowered to $740-750M from $780-790M; op income $120-125M.
Quarterly dividend $0.35/share payable Dec 16; $24.3M remaining in buyback program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOVADO GROUP INC reported third quarter ended October 31, 2022 results: revenue $211.4 million, EPS $1.28.

Period: third quarter ended October 31, 2022
Revenue: $211.4 million
EPS: $1.28
Result: reported results

Exact text from the filing

~ Net Sales of $211.4 million; $225.1 million in Constant Currency ~ ~ Operating Income of $38.3 million or 18.1% of Net Sales ~ ~ EPS of $1.28 and Adjusted EPS of $1.31 ~

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Source: SEC EDGAR

accession 0000950142-22-003236

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