Recent 8-K filings for MOV
Highest-materiality recent filing
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.
- Former managing director of Dubai branch terminated after misconduct involving falsified documents and third-party warehouse; no impact on other regions.
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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%.
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Movado Group extends Calvin Klein license agreement to 2029; modifies advertising terms
License extended for three additional years through December 31, 2029.
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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%.
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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.
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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).
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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%.
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FY2025 net sales $653.4M (-1.7% YoY); operating income $20.0M; adjusted operating income $27.1M.
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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.
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Net sales $182.7M, -2.6% YoY; U.S. -7.1%, international +0.4% on tighter retail inventory management.
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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.
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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.
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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.
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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%).
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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.
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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.
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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%.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.70 · Most common event earnings