Highest-materiality recent filing
Movado Group (MOV) agreed to sell a 95% interest in its EBEL brand for approximately $66.5 million, retaining a 5% stake.
Movado Q2 FY27 EPS $0.53 (adj $0.54) vs $0.13; net sales up 4.9% to $169.8M
Adjusted EPS $0.54 vs $0.23 a year ago; includes $0.11 from IEEPA duty refunds.
Movado Group extends credit facility maturity to 2031, reduces commitments to $75M
Maturity extended from Oct 2026 to July 2031; commitments reduced from $100M to $75M.
Movado Group shareholders elect all eight director nominees, ratify PwC, approve say-on-pay
Annual meeting held June 17, 2026; all three proposals approved by shareholders.
Movado Q1 EPS $0.30 vs $0.06 YoY; sales up 8% to $142.4M; dividend raised 14% to $0.40
Net sales $142.4M, up 8.1% YoY (4.5% constant-currency); US sales +8.7%, international +7.6%.
Movado Group extends Calvin Klein license agreement to 2029; modifies advertising terms
License extended for three additional years through December 31, 2029.
Movado Group Q4 sales up 5.6% to $191.6M; FY 2026 EPS $1.17, adjusted $1.34
Q4 net sales rose 5.6% to $191.6M; full-year sales $671.3M, up 2.7%.
Movado Q3 sales up 3.1% to $186.1M; EPS doubles to $0.42; declares $0.35 dividend
Net sales $186.1M (+3.1% YoY); operating income $11.7M vs $6.0M; GAAP EPS $0.42 vs $0.21.
Movado Q2 net sales $161.8M (+3.1%), adjusted EPS $0.23, declares $0.35 dividend
Net sales $161.8M (+3.1% YoY); gross margin 54.1%; operating income $4.0M (incl. $2.1M investigation costs).
Movado Group shareholders elect all eight director nominees, ratify PwC, approve say-on-pay
All eight director nominees elected; votes for ranged from 68,323,170 (Kirschner) to 74,197,479 (A. Grinberg).
Movado Group Q1: net sales $131.8M, EPS $0.06, adj. EPS $0.08; declares $0.35 dividend
Net sales $131.8M (-1.9% YoY, -1.0% constant dollar); gross margin 54.1% vs 54.3%.
FY2025 net sales $653.4M (-1.7% YoY); operating income $20.0M; adjusted operating income $27.1M.
Movado Group Restates Financials After Dubai Branch Misconduct, Reports Preliminary Q4 Results
Restating FY2022-2024 and interim FY2025 periods due to overstatement of sales and premature recognition in Dubai branch; FY2024 net sales restated from $672.6M to $664.4M.
Net sales $182.7M, -2.6% YoY; U.S. -7.1%, international +0.4% on tighter retail inventory management.
Movado Group extends Tommy Hilfiger license agreement through December 2029
License agreement with Tommy Hilfiger Licensing extended for five years to Dec 31, 2029.
Movado extends Coach watch license with Tapestry through June 2028
Fifth Amendment to Amended License Agreement extends term from June 30, 2025 to June 30, 2028.
Movado Group subsidiary amends Hugo Boss license; term extended to 2031
MGI Luxury Group extended license with HUGO BOSS through Dec 31, 2031, with option to extend five more years.
Movado Group cuts FY2025 outlook; Q2 EPS falls to $0.16 from $0.36
Q2 net sales $159.3M (-0.7% YoY); operating income $3.0M vs $9.6M; EPS $0.16 vs $0.36.
Movado Group shareholders reelect 8 directors, approve auditor and say-on-pay at 2024 meeting
All 8 director nominees elected; votes for ranged 70.8M to 75.3M.
Movado Q1 net sales $136.7M, EPS $0.13 (vs $0.40 YoY); reaffirms FY25 outlook
Net sales $136.7M, down 5.7% YoY; operating income $3.3M vs $10.9M prior.
Movado Q4 sales down 7.5%, FY24 EPS $2.06; guides FY25 EPS $1.20-$1.30
FY24 net sales $672.6M vs $751.9M (-10.5%); Q4 net sales $179.6M vs $194.3M (-7.5%).
Movado Group Q3 net sales down 11.2% to $187.7M; cuts FY2024 EPS outlook to $1.85-$2.00
Net sales fell 11.2% to $187.7M; operating income dropped to $20.7M from $38.3M.
Movado Group Q2 net sales down 12.3% to $160.4M; cuts FY2024 guidance
Q2 net sales $160.4M, down 12.3% YoY; GAAP EPS $0.36, adjusted EPS $0.38.
All eight director nominees elected; votes for ranged from 71.3M to 77.1M.
Movado Q1 sales down 11.3% to $144.9M; EPS $0.40 vs $0.79 YoY
Net sales $144.9M (-11.3%), U.S. down 15.7%, international down 8.1%.
Movado Group reports Q4 sales down 5.7% to $194.3M; FY2023 EPS $4.12; special dividend $1.00
FY2023 net sales $751.9M (+2.7% YoY); operating income $120.4M (record); cash $251.6M, no debt.
Movado Q3 adjusted EPS $1.31, constant-currency sales +3.4%; cuts FY outlook
GAAP EPS $1.28, adjusted EPS $1.31; revenue $211.4M (-2.9% reported, +3.4% constant currency).
Movado extends Lacoste license to 2031, adds jewelry to product line
MGI (Movado Swiss sub) entered amended license with Lacoste S.A.S., extending expiration from Dec 31, 2022 to Dec 31, 2031.
Movado Q2 net sales +5.1% to $182.8M; EPS $1.05; raises operating income outlook
Net sales $182.8M (+5.1% YoY, +10.5% constant currency); operating income $30.7M vs $24.6M.
Movado amends $100M revolver, replaces LIBOR with Term SOFR, consolidates Swiss borrower
Amendment recognizes MGI Luxury Group GmbH as sole Swiss borrower under $100M revolving credit facility.
All eight director nominees elected with majority support; broker non-votes of 1,100,039 on each.
Movado Q1 net sales $163.4M (+21.2%), adj EPS $0.82, dividend $0.35
Net sales $163.4M, +21.2% YoY (24.3% constant currency); U.S. +6.6%, intl +35.3%.
Movado Group reports record Q4 and FY2022 revenue; raises quarterly dividend 40% to $0.35
FY2022 net sales $732.4M (+44.6% YoY); diluted EPS $3.87 (adjusted $3.94).
Movado Group expands BOSS license to jewelry, extends through 2026
Movado subsidiary MGI enters amended license with Hugo Boss for BOSS watches and new BOSS jewelry.
Movado Group appoints Maya Peterson to Board of Directors effective Feb 2022
Maya Peterson appointed to Movado Group's Board, effective Feb 1, 2022.
Movado Q3 net sales $217.7M (+28.2% YoY); raises annual EPS outlook to $3.35-$3.45; dividend +25%
Q3 diluted EPS $1.33 ($1.36 adjusted) vs $0.63 prior year; operating income $41.4M (+79%).
Movado extends $100M revolver maturity to 2026, reduces LIBOR floor to zero
Amendment No. 3 extends $100M senior secured revolver from Oct 2023 to Oct 2026.
Movado Group amends Ferrari license; term ends June 30, 2022, renewal eliminated
License term shortened to end June 30, 2022 (was Dec 31, 2022); renewal provisions removed.
Movado Group amends license agreement with Tapestry, revising pricing and sales minima
Second Amendment to license agreement with Tapestry effective Aug 25, 2021.
Net sales of $173.9M (+96.4% vs Q2 FY21, +10.2% vs pre-pandemic Q2 FY20); operating income $24.6M vs loss $8.9M.
On January 12, 2021, Movado Group, Inc. (the “Company”) appointed Ms. Maya Peterson as a member of the Company’s Board of Directors (the “Board”), effective February 1, 2022.
Max materiality 0.90 · Median 0.68 · Most common event earnings