{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-002861","form_type":"8-K","ticker":"MOV","cik":"0000072573","company_name":"MOVADO GROUP INC","filed_at":"2023-11-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.833184+00:00","generated_at":"2026-06-07T20:08:06.992642+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Movado Group Q3 net sales down 11.2% to $187.7M; cuts FY2024 EPS outlook to $1.85-$2.00","bullets":["Net sales fell 11.2% to $187.7M; operating income dropped to $20.7M from $38.3M.","GAAP EPS $0.77; adjusted EPS $0.78; prior year $1.31. Gross margin 54.5% vs 57.3%.","FY2024 sales guidance cut to $665-$675M; operating income now $51-$55M (prior $62.5-$65M).","Board declares $0.35 quarterly dividend payable Dec 26, 2023; record Dec 12."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-002861","json":"https://secwatch.observer/filing/0000950142-23-002861.json","markdown":"https://secwatch.observer/filing/0000950142-23-002861.md","text":"https://secwatch.observer/filing/0000950142-23-002861.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72573/000095014223002861/0000950142-23-002861-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72573/000095014223002861/eh230425439_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T20:08:06.992642+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":"12d6c05931d4ab6714595094c1cd99dc0e366997","claim":"MOVADO GROUP INC reported third quarter for the period ended October 31, 2023 results: revenue $187.7 million, net income $17.4 million, EPS $0.77 per diluted share. Guidance reaffirmed.","evidence_excerpt":"EXHIBIT 99.1 EXHIBIT 99.1 CONTACT: ICR, Inc. Rachel Schacter/Allison Malkin 203-682-8200 FINAL MOVADO GROUP, INC. ANNOUNCES THIRD QUARTER RESULTS ~ Net Sales of $187.7 million ~ ~ Operating Income of $20.7 million; Adjusted Operating Income of $21.1 million ~ ~ EPS of $0.77 and Adjusted EPS of $0.78 ~ ~ Company Updates Fiscal 2024 Outlook ~ ~ Board","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/72573/000095014223002861/0000950142-23-002861-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter for the period ended October 31, 2023"},{"label":"Revenue","value":"$187.7 million"},{"label":"Net income","value":"$17.4 million"},{"label":"EPS","value":"$0.77 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"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"}