Movado Group Q1: net sales $131.8M, EPS $0.06, adj. EPS $0.08; declares $0.35 dividend

MOVADO GROUP INC

2026-Q1 EPS reported $0.06 vs consensus $0.54 ▼ miss (-88.8%)

Net sales $131.8M (-1.9% YoY, -1.0% constant dollar); gross margin 54.1% vs 54.3%.
Operating income $0.3M (adj. $0.9M) vs $2.1M YoY; diluted EPS $0.06 (adj. $0.08) vs $0.09.
Board approved $0.35 quarterly dividend, payable June 26, 2025 to holders of record June 12, 2025.
Cash $203.1M, no debt; share repurchase authority $50.0M remaining, no repurchases in Q1.
No FY2026 outlook given tariff uncertainty; plans select price increases at wholesale/retail.

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