8-K
filed March 23, 2023, 7:59 PM ET
ticker MOV
CIK 0000072573
earnings
confidence high
sentiment neutral
materiality 0.65
Movado Group reports Q4 sales down 5.7% to $194.3M; FY2023 EPS $4.12; special dividend $1.00
MOVADO GROUP INC
2023-FY EPS reported
$4.12
revenue$751,898,000
- FY2023 net sales $751.9M (+2.7% YoY); operating income $120.4M (record); cash $251.6M, no debt.
- Q4 net sales $194.3M (-5.7% YoY, -2.8% constant currency); GAAP EPS $1.00, adjusted $1.03.
- Board declared special dividend of $1.00 per share plus regular quarterly $0.35, payable April 19 to record April 5.
- FY2024 guidance: net sales $725-750M; GAAP EPS $2.70-$2.90; operating income $80-85M; excludes $2.1M amortization.
- Q4 gross margin down to 56.2% from 58.7% due to unfavorable mix and FX.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MOVADO GROUP INC reported the fiscal year ended January 31, 2023 results: revenue $751.9 million, EPS $4.12 per diluted share.
- Period
- the fiscal year ended January 31, 2023
- Revenue
- $751.9 million
- EPS
- $4.12 per diluted share
- Result
- reported results
Exact text from the filing
Fiscal 2023 Net Sales of $751.9 million ~ ~ Fiscal 2023 EPS of $4.12 and Fiscal 2023 Adjusted EPS of $4.22
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MOVADO GROUP INC reported the fourth quarter ended January 31, 2023 results: revenue $194.3 million, EPS $1.00 per diluted share.
- Period
- the fourth quarter ended January 31, 2023
- Revenue
- $194.3 million
- EPS
- $1.00 per diluted share
- Result
- reported results
Exact text from the filing
Fourth Quarter Net Sales of $194.3 million ~ ~ Fourth Quarter EPS of $1.00 and Fourth Quarter Adjusted EPS of $1.03
View on SEC.gov
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