Movado Group reported Q1 FY2027 revenue of $142.4 million, up 8.1% year-over-year. Net income surged to $6.9 million from $1.4 million, a 388% increase. Operating income rose to $7.0 million, and diluted EPS was $0.30, up 400% from $0.06. The company had $225.3 million in cash and $505.5 million in equity, with no long-term debt.
•Revenue increased 8.1% to $142.4 million.
•Net income rose 388% to $6.9 million.
•Diluted EPS grew 400% to $0.30.
•Cash and equivalents stood at $225.3 million with no long-term debt.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Movado designs, sources, markets, and distributes watches globally. It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands
Licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and KATE SPADE NEW YORK. It also designs, sources, markets, and distributes jewelry and accessories; and provides after-sales and shipping services.
The company's customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers.
It sells directly to consumers through its e-commerce platforms. Founded in 1881 and headquartered in Paramus, New Jersey, Movado was formerly known as North American Watch Corporation before rebranding in 1996.
Movado Group, Inc. designs, sources, markets, and distributes watches globally. The company operates through two segments: Watch and Accessory Brands, and Company Stores. It offers watches under its own brands, including Movado, Concord, Ebel, Olivia Burton, and MVMT, as well as licensed brands such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and KATE SPADE NEW YORK. In addition to watches, Movado designs, sources, markets, and distributes jewelry and accessories. The company also provides after-sales and shipping services. Its products are sold through various channels, including jewelry store chains, department stores, independent regional jewelers, independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. Movado also sells directly to consumers through its own e-commerce platforms.
Where is Movado Group, Inc. listed and in which currency?
Movado Group, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol MOV. The company's financials are reported in US Dollars (USD), as it is headquartered in the United States. Being listed on the NYSE provides Movado with access to a broad base of investors and liquidity for its shares. The use of USD as its reporting currency aligns with its primary operations and the majority of its revenue being generated in the United States. Investors and analysts typically track Movado's performance through its NYSE listing and USD-denominated financial statements.
What sector and industry does Movado Group, Inc. belong to?
Movado Group, Inc. operates in the Consumer Cyclical sector, specifically within the Luxury Goods industry. As a consumer cyclical company, Movado's performance is closely tied to the overall health of the economy, as consumer spending on luxury items like watches and accessories tends to rise during economic expansions and decline during recessions. Within the Luxury Goods industry, Movado competes with other high-end watchmakers and accessory brands. The company's portfolio includes both owned brands (e.g., Movado, Concord, Ebel) and licensed brands (e.g., Coach, Tommy Hilfiger, Calvin Klein), positioning it as a significant player in the affordable luxury segment of the watch market.
Where is Movado Group, Inc. headquartered and what markets does it serve?
Movado Group, Inc. is headquartered in Paramus, New Jersey, United States. The company was founded in 1881 and was formerly known as North American Watch Corporation before rebranding to Movado Group in 1996. Movado serves a global market, with its watches and accessories distributed through a wide range of channels including jewelry store chains, department stores, independent regional jewelers, independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its own e-commerce platforms. While its headquarters are in the U.S., Movado's brands have international recognition, and the company's products are available in many countries worldwide.
What is Movado Group, Inc.'s business model and how does it generate revenue?
Movado Group, Inc. generates revenue primarily through the design, sourcing, marketing, and distribution of watches and accessories. The company operates in two segments: Watch and Accessory Brands, and Company Stores. The Watch and Accessory Brands segment includes sales to wholesale customers such as jewelry store chains, department stores, independent jewelers, and online retailers, as well as licensing income from its licensed brands. The Company Stores segment consists of direct-to-consumer sales through Movado's own e-commerce platforms. Movado's portfolio includes owned brands (Movado, Concord, Ebel, Olivia Burton, MVMT) and licensed brands (Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, KATE SPADE NEW YORK). By offering a mix of owned and licensed brands across various price points, Movado captures different segments of the watch market. Additionally, the company generates revenue from after-sales services and shipping fees.