secwatch.observer — SEC 8-K summary
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Issuer:     MOVADO GROUP INC (MOV)
CIK:        0000072573
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0000950142-23-001534
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72573/000095014223001534/0000950142-23-001534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72573/000095014223001534/eh230361641_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001534

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