secwatch.observer — SEC 8-K summary
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Issuer:     MOVADO GROUP INC (MOV)
CIK:        0000072573
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000950142-24-001468
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72573/000095014224001468/0000950142-24-001468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72573/000095014224001468/eh240487489_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-001468

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