secwatch.observer — SEC 8-K summary
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Issuer:     MOVADO GROUP INC (MOV)
CIK:        0000072573
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0000950142-24-000786
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72573/000095014224000786/0000950142-24-000786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72573/000095014224000786/eh240461350_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-000786

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