secwatch.observer — SEC 8-K summary
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Issuer:     MOVADO GROUP INC (MOV)
CIK:        0000072573
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0000950142-23-002861
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72573/000095014223002861/0000950142-23-002861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72573/000095014223002861/eh230425439_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002861

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