---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-001534"
form_type: "8-K"
ticker: "MOV"
cik: "0000072573"
company_name: "MOVADO GROUP INC"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T15:10:28.347926+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Movado Q1 sales down 11.3% to $144.9M; EPS $0.40 vs $0.79 YoY

## Summary
- Net sales $144.9M (-11.3%), U.S. down 15.7%, international down 8.1%.
- Operating income $10.9M vs $25.3M; adjusted operating income $11.6M.
- Diluted EPS $0.40 (adjusted $0.43) vs $0.79 ($0.82) YoY.
- Board approved quarterly dividend of $0.35/share, payable June 21 to holders of record June 7.
- FY2024 outlook reaffirmed: sales $725-750M, operating income $80-85M, EPS $2.70-2.90.

## SEC filing metadata
- accession: 0000950142-23-001534
- form_type: 8-K
- ticker: MOV
- cik: 0000072573
- company_name: MOVADO GROUP INC
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72573/000095014223001534/0000950142-23-001534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72573/000095014223001534/eh230361641_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-001534
- JSON: https://secwatch.observer/filing/0000950142-23-001534.json
- Plain text: https://secwatch.observer/filing/0000950142-23-001534.txt

## Key facts
- Earnings Releases
  MOVADO GROUP INC reported first quarter fiscal 2024 ended April 30, 2023 results: revenue $144.9 million, net income $9.1 million, or $0.40 per diluted share, EPS $0.40 per diluted share. Guidance reaffirmed.
  - Period: first quarter fiscal 2024 ended April 30, 2023
  - Revenue: $144.9 million
  - Net income: $9.1 million, or $0.40 per diluted share
  - EPS: $0.40 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: EXHIBIT 99.1 EXHIBIT 99.1 CONTACT: ICR, Inc. Rachel Schacter/Allison Malkin 203-682-8200 FINAL MOVADO GROUP, INC. ANNOUNCES FIRST QUARTER FISCAL 2024 RESULTS ~ Net Sales of $144.9 million ~ ~ Operating Income of $10.9 million; Adjusted Operating Income of $11.6 million ~ ~ EPS of $0.40 and Adjusted EPS of $0.43 ~ ~ Board Approves Quarterly Dividend of $0.35 Per
  evidence_url: https://www.sec.gov/Archives/edgar/data/72573/000095014223001534/0000950142-23-001534-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.