Movado Q4 sales down 7.5%, FY24 EPS $2.06; guides FY25 EPS $1.20-$1.30

MOVADO GROUP INC

2024-FY EPS reported $2.06 revenue$672,601,000

FY24 net sales $672.6M vs $751.9M (-10.5%); Q4 net sales $179.6M vs $194.3M (-7.5%).
FY24 GAAP EPS $2.06, adjusted EPS $2.13; vs prior year $4.12/$4.22; Q4 EPS $0.53, adjusted $0.55.
Board declares $0.35 quarterly dividend, payable April 23, 2024 to holders of record April 9, 2024.
FY25 guidance: net sales $700-710M, operating income $32-35M, EPS $1.20-$1.30 on incremental $25M marketing spend.
Company launches investment growth strategy; expects first-half sales flat, growth in second half from marketing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

MOVADO GROUP INC reported financial results for the fourth quarter and fiscal year 2024 results for the periods ended January 31, 2024.

Period: the fourth quarter and fiscal year 2024 results for the periods ended January 31, 2024
Result: reported results

Exact text from the filing

On March 26, 2024, Movado Group, Inc. (the “Company”) issued a press release announcing results for the fourth quarter and fiscal year 2024 results for the periods ended January 31, 2024.

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Source: SEC EDGAR

accession 0000950142-24-000786

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