Movado Q1 net sales $136.7M, EPS $0.13 (vs $0.40 YoY); reaffirms FY25 outlook

MOVADO GROUP INC

2025-Q1 EPS reported $0.13 revenue$136,669,000

Net sales $136.7M, down 5.7% YoY; operating income $3.3M vs $10.9M prior.
Diluted EPS $0.13 vs $0.40 in Q1 last year; gross margin 55.3% vs 56.6%.
Board approved $0.35 quarterly dividend, payable June 26, 2024 to holders of record June 12.
Company repurchased ~39,000 shares in Q1; $16.8M remaining under buyback program.
FY25 outlook reaffirmed: sales $700-710M, operating income $32-35M, EPS $1.20-$1.30.

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