Movado Q3 sales up 3.1% to $186.1M; EPS doubles to $0.42; declares $0.35 dividend

MOVADO GROUP INC

2026-Q3 EPS reported $0.62 revenue$479,730,000

Net sales $186.1M (+3.1% YoY); operating income $11.7M vs $6.0M; GAAP EPS $0.42 vs $0.21.
Adjusted EPS $0.45; gross margin 54.3% (+80 bps); adjusted operating income $12.6M.
Cash $183.9M, no debt; Board declared $0.35/share dividend payable Dec 22, record Dec 8.
Absorbed material tariff cost; US-Switzerland trade deal expected to cut Swiss watch tariff to ~15%.
Company not providing FY2026 outlook due to tariff/trade uncertainty.

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