{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-002301","form_type":"8-K","ticker":"MOV","cik":"0000072573","company_name":"MOVADO GROUP INC","filed_at":"2023-08-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.514089+00:00","generated_at":"2026-06-11T04:28:56.234549+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Movado Group Q2 net sales down 12.3% to $160.4M; cuts FY2024 guidance","bullets":["Q2 net sales $160.4M, down 12.3% YoY; GAAP EPS $0.36, adjusted EPS $0.38.","Operating income $9.6M (GAAP), $10.3M adjusted; gross margin 55.7% vs 58.5% prior year.","FY2024 guidance cut: net sales $690-700M (prev $725-750M), EPS $2.15-$2.25 (prev $2.70-$2.90).","Board declares $0.35 dividend payable Sept 21, 2023; cash $218.9M, no debt.","Challenging retail environment in U.S. and Europe; wholesale partners managing inventory tightly."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-002301","json":"https://secwatch.observer/filing/0000950142-23-002301.json","markdown":"https://secwatch.observer/filing/0000950142-23-002301.md","text":"https://secwatch.observer/filing/0000950142-23-002301.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72573/000095014223002301/0000950142-23-002301-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72573/000095014223002301/eh230393829_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:28:56.234549+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"95bff05314089dea146db69674473aab4779fd88","claim":"MOVADO GROUP INC reported the second quarter ended July 31, 2023 results: revenue Net Sales of $160.4 million, net income Net income was $8.0 million, or $0.36 per diluted share, EPS $0.36 per diluted share.","evidence_excerpt":"EXHIBIT 99.1 EXHIBIT 99.1 CONTACT: ICR, Inc. Rachel Schacter/Allison Malkin 203-682-8200 FINAL MOVADO GROUP, INC. ANNOUNCES SECOND QUARTER RESULTS ~ Net Sales of $160.4 million ~ ~ Operating Income of $9.6 million; Adjusted Operating Income of $10.3 million ~ ~ EPS of $0.36 and Adjusted EPS of $0.38 ~ ~ Updates Fiscal Year 2024 Outlook ~ ~ Board","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72573/000095014223002301/0000950142-23-002301-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended July 31, 2023"},{"label":"Revenue","value":"Net Sales of $160.4 million"},{"label":"Net income","value":"Net income was $8.0 million, or $0.36 per diluted share"},{"label":"EPS","value":"$0.36 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}