---
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"
generated_at: "2026-06-07T20:08:06.992642+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Movado Group Q3 net sales down 11.2% to $187.7M; cuts FY2024 EPS outlook to $1.85-$2.00

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-002861
- JSON: https://secwatch.observer/filing/0000950142-23-002861.json
- Plain text: https://secwatch.observer/filing/0000950142-23-002861.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter for the period ended October 31, 2023
  - Revenue: $187.7 million
  - Net income: $17.4 million
  - EPS: $0.77 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 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_url: https://www.sec.gov/Archives/edgar/data/72573/000095014223002861/0000950142-23-002861-index.htm

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