Movado Q2 FY27 EPS $0.53 (adj $0.54) vs $0.13; net sales up 4.9% to $169.8M

MOVADO GROUP INC

Adjusted EPS $0.54 vs $0.23 a year ago; includes $0.11 from IEEPA duty refunds.
Operating income $14.9M vs $4.0M; adjusted operating income $15.1M vs $7.0M.
Gross margin 59.4%, up 530 bps; excluding $3.2M IEEPA refunds it rose 340 bps.
Board declared $0.40/share dividend payable Sept 22, 2026, record Sept 8, 2026.
H2 FY27 outlook: mid-single-digit sales growth; gross margin 55-56% excl. IEEPA refunds.

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