---
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"
generated_at: "2026-06-11T04:28:56.234549+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Movado Group Q2 net sales down 12.3% to $160.4M; cuts FY2024 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- 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/72573/000095014223002301/0000950142-23-002301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72573/000095014223002301/eh230393829_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-002301
- JSON: https://secwatch.observer/filing/0000950142-23-002301.json
- Plain text: https://secwatch.observer/filing/0000950142-23-002301.txt

## Key facts
- Earnings Releases
  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.
  - Period: the second quarter ended July 31, 2023
  - 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
  - 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 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_url: https://www.sec.gov/Archives/edgar/data/72573/000095014223002301/0000950142-23-002301-index.htm

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