Movado Group

Movado Group, Inc. engages in the design, manufacture, and distribution of watches. It operates through Watch and Accessory Brands and Company Stores segments. The Watch and Accessory Brands segment include distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment comprises company's physical retail outlet locations. The company was founded by Gedalio Grinberg in 1967 and is headquartered in Paramus, NJ.

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Movado Group faces sales decline but sees growth opportunities abroad

Movado Group's Q1 2024 earnings call highlighted the impact of a challenging macroeconomic environment on sales, with declines in both international and U.S. markets. Despite these challenges, the company is actively addressing the situation by focusing on innovation and brand image refresh. There are opportunities for growth in specific international markets and the travel retail segment.

Movado Group reports Q2 sales decline, focuses on recovery

Movado Group's Q2 performance was marked by a significant decline in net sales and gross profit margin, leading to a decrease in operating income. However, the company's strong balance sheet and strategic focus on long-term initiatives provide a foundation for potential recovery and growth in the second half of the year.

Movado reports Q3 sales decline, maintains strong balance sheet

Movado Group, Inc. faced a sales decline in Q3 2023, with challenges in both the U.S. and international businesses. However, the company maintained a strong balance sheet, returned value to shareholders, and expressed confidence in navigating global challenges and driving innovation. Despite the cautious outlook, Movado sees opportunities in product innovation and marketing initiatives for future growth.

Movado Group reports record sales in 2023, anticipates market challenges

Movado Group's fiscal 2023 performance reflects resilience amidst market challenges, with a focus on innovation and brand revitalization.
While facing sales declines and outlet store challenges, the company's strong financial position and strategic initiatives position it for long-term success.
Opportunities in brand collaborations, product introductions, and brand evolution offer avenues for growth and adaptation to market dynamics.

Movado Group reports Q1 sales decline, focuses on innovation

Movado Group faced challenges in Q1 2024 due to macroeconomic factors but maintained a focus on innovation and brand awareness.
The company's strong balance sheet and strategic initiatives position it well to navigate uncertain economic conditions.
Opportunities for growth exist through prudent expense management, innovative pricing strategies, and market expansion.

Movado Group reports Q2 sales decline, focuses on brand growth

Movado Group navigated a challenging Q2 with sales decline, focusing on brand refresh and strategic investments for future growth.
Despite economic headwinds, Movado's strong balance sheet and commitment to shareholders position the company for long-term value creation.
Balancing brand investments with cost control remains a key focus as Movado anticipates sales decline in the second half of the year.

Movado Group reports Q3 decline but maintains profitability and innovation

Movado Group's Q3 performance reflected a decline in sales but maintained profitability and a strong balance sheet.
The company's strategic focus on brand investments and product innovation yielded success in key categories and initiatives.
While challenges persist, Movado remains confident in its ability to navigate global uncertainties and drive innovation for future growth.

Movado Group reports decline in sales, plans aggressive marketing push

Movado Group navigated a challenging retail environment with declining sales but maintained a strong financial position. The company plans to invest in marketing initiatives to drive growth and reestablish growth through brand refreshes. By prioritizing long-term growth over short-term profitability, Movado Group aims to strengthen its market position.

Movado Group reports Q1 sales decline but optimistic about growth

Movado Group's Q1 performance showed a decline in sales but promising growth in brand building initiatives. Despite challenges in sales and operating income, the company remains optimistic about future revenue growth. Movado's strategic focus on brand refresh and new product launches presents opportunities for long-term success.

Movado Group reports flat Q2 sales, invests in brand-building

Movado Group's Q2 2025 performance reflects flat net sales, declining operating profit, and a healthy gross margin. Despite challenges in the retail and watch category, the company's strategic initiatives and brand-building efforts show promise. With increased marketing investments and new product launches, Movado Group aims to drive growth and improve financial metrics.

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Movado Group, Inc. engages in the design, manufacture, and distribution of watches. It operates through the Watch and Accessory Brands, and Company Stores segments. The Watch and Accessory Brands segment includes the distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment is composed of the company's physical retail outlet locations. The company was founded by Gedalio Grinberg in 1967 and is headquartered in Paramus, NJ.

PARAMUS, N.J.--(BUSINESS WIRE)--Today, Movado Group, Inc. (NYSE: MOV) announced the launch of its new global campaign “Connecting The Dots,” which captures people always in motion wearing Movado watches in their everyday life. The campaign aims to connect the dots between Movado's legacy, present and future by emphasizing the brand's longtime innovation and heritage. Photographer, Julia Noni, known for capturing motion in her work, shot the campaign featuring a beautiful range of watches and ci.

Movado Launches New Global Campaign “Connecting the Dots”

Movado Group, Inc. (NYSE:MOV ) Q2 2024 Earnings Conference Call August 24, 2023 9:00 AM ET Company Participants Rachel Schacter - Investor Relations Efraim Grinberg - Chairman and Chief Executive Officer Sallie DeMarsilis - Executive Vice President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Oliver Chen - TD Cowen Operator Good day, everybody and welcome to the Movado Group, Inc. Second Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded and may not be reproduced in full or in part without permission from the company.

Movado Group, Inc. (MOV) Q2 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Today, Movado Group, Inc. unveils the Fall 2023 campaign for Calvin Klein watches and jewelry starring model Lila Moss. Shot by Daniel Jackson, the campaign highlights the brand's distinctive sensual minimalism and the new collection's understated, fluid designs. “Lila is a natural fit to represent Calvin Klein watches and jewelry,” said Caterina Miduri, Global General Manager, Calvin Klein watches and jewelry, Movado Group, Inc. “In this campaign, her strong presence.

Movado Group, Inc. unveils new Calvin Klein watches and jewelry campaign starring Lila Moss

Movado's core brands have struggled with maintaining and improving reach, leading to a sustained decline in interest and low growth. The company's revenue and margins have declined in the most recent quarter, with no immediate improvement in sight. We do see attractive qualities with its licensing of brands, as its deep expertise positions the business as an attractive partner to brands.

Movado: Scrutinizing Threats To Its Position In The Watch Market

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company's conference call to discuss second quarter fiscal 2024 earnings results on Thursday, August 24, 2023 at 9:00 a.m. Eastern Time. A press release detailing the Company's second quarter fiscal 2024 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeMarsil.

Movado Group, Inc. Announces Date of Conference Call and Webcast for Second Quarter Fiscal 2024 Results

NEW YORK--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) is proud to serve as a lead sponsor of Jazz at Lincoln Center, continuing its long-standing relationship with the organization and honoring its relationship with Jazz at Lincoln Center Managing and Artistic Director, Wynton Marsalis. Movado, a brand that is distinguished by the legacy of design innovation and a dedication to the future of time, will sponsor Jazz at Lincoln Center's 2023-24 concert season as the Official Timekeeper of Jaz.

Movado Group Announces Sponsorship With Jazz at Lincoln Center

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced it has published its 2023 Corporate Responsibility report. The report details the continued evolution of Movado Group's Corporate Responsibility program for the fiscal year ending January 31, 2023, and the progress the Company has made in its Make Time plan, announced last year. This plan outlines the Company's goals to increase employee engagement and assess environmental impacts and opportunities by incorporating s.

Movado Group Publishes 2023 Corporate Social Responsibility Report

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RM, MOV and JACK made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 21, 2023.

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Movado Group's shares have significantly dropped in recent months, despite the company's solid financial performance in the previous fiscal year. The company's financial performance in the first quarter of the 2024 fiscal year has been disappointing. Management expects overall revenue for the fiscal year to decline by 1.9%, and net profits to reduce by 32.8%. Despite the negative outlook, I maintain a 'buy' rating for Movado Group. The company has no debt and holds $198.3 million in cash and cash equivalents.

Movado Group: Still Attractive Despite Fundamental Deterioration

Movado Group, Inc. (NYSE:MOV ) Q1 2024 Results Conference Call May 25, 2023 9:00 AM ET Company Participants Rachel Schacter - ICR Efraim Grinberg - Chairman, CEO Sallie DeMarsilis - EVP, COO & CFO Conference Call Participants Oliver Chen - TD Cowen Operator Good day, everybody, and welcome to the Movado Group Incorporated First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, today's call is being recorded and may not be reproduced in full or in part without permission from the company.

Movado Group, Inc. (MOV) Q1 2024 Earnings Call Transcript

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced first quarter fiscal 2024 results for the period ended April 30, 2023. Fiscal 2024 First Quarter Highlights (See attached table for GAAP and Non-GAAP measures) Delivered net sales of $144.9 million versus $163.4 million in the prior year period; Generated gross margin of 56.6% as compared to 59.2% in the first quarter of fiscal 2023; Generated operating income of $10.9 million as compared to $25.3 million in the prio.

Movado Group, Inc. Announces First Quarter Fiscal 2024 Results

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company's conference call to discuss first quarter fiscal 2024 earnings results on Thursday, May 25, 2023 at 9:00 a.m. Eastern Time. A press release detailing the Company's first quarter fiscal year 2024 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeMarsil.

Movado Group, Inc. Announces Date of Conference Call and Webcast for First Quarter Fiscal Year 2024 Results

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced the appointment of Michelle Kennedy to Senior Vice President, Human Resources, effective immediately. In this role, Ms. Kennedy will be responsible for the Company's global human resources strategy and operations; talent management, including recruitment and leadership development; and compensation and benefits. Previously, the position was held by Vivian D'Elia, who has been with Movado Group for close to 30 years,.

Movado Group Announces Appointment of Michelle Kennedy as Senior Vice President, Human Resources

MOV has a diversified brand portfolio with regional strengths that cater to a wide range of customers. A win-win partnership model provides significant opportunities for growth by adding more brands in the future.

Movado Group: An Undervalued Investment Opportunity Amid Market Challenges

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Movado's 2023 forecast projects falling sales and profits. The wider outlook is still bright for this consumer discretionary business.

Why Movado Stock Was Down This Week

Movado Group, Inc. (NYSE:MOV ) Q4 2023 Earnings Conference Call March 23, 2023 9:00 AM ET Company Participants Efraim Grinberg - Chairman & CEO Sallie DeMarsilis - EVP, COO & CFO Rachel Schacter - IR Conference Call Participants Oliver Chen - TD Cowen Operator Good morning, everyone, and welcome to the Movado Group, Inc. Fourth Quarter 2023 Earnings Conference Call. As a reminder, today's call is being recorded and may not be reproduced in whole or in part without permission from the company.

Movado Group, Inc. (MOV) Q4 2023 Earnings Call Transcript

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2023 results for the periods ended January 31, 2023. Fiscal Year 2023 Highlights (See attached table for GAAP and Non-GAAP measures) Delivered topline growth of 2.7% or 7.0% on a constant dollar basis year over year; Generated gross margin of 57.7% as compared to 57.2% last year; Generated operating income of $120.4 million as compared to $117.5 million in the prior year.

Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2023 Results

The watch industry could be one of the most stable growth, long-lasting sectors in the entire global economy. Movado Group Inc. ( MOV , Financial) is one of the most important companies in this space.

Movado: Income and Growth at a Bargain Price

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company's conference call to discuss fourth quarter and fiscal 2023 earnings results on Thursday, March 23, 2023 at 9:00 a.m. Eastern Time. A press release detailing the Company's fourth quarter and fiscal 2023 results will be issued before the market opens and prior to the call.

Movado Group, Inc. Announces Date of Conference Call and Webcast for Fourth Quarter and Fiscal Year 2023 Results

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) today announced the promotion of Margot Grinberg to President of the Movado Brand and SVP of E-Commerce, from Vice President of E-Commerce, Merchandising and Digital Marketing. Alan Chinich, who has held the position of Movado Brand President and President of the North American region for Movado Group, will continue to lead the North American region for all of the company's brands. In her new role, Ms.

Movado Group, Inc. Announces Promotion of Margot Grinberg to President of the Movado Brand and SVP of E-Commerce

Movado Group has had a great time as of late from a return perspective, even though recent financial data has been discouraging. The company's problems seem to be largely one-time in nature and shares still look quite cheap at this time.

Movado Group: Not Time To Get Out Just Yet

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Moving a classic fashion brand into a digital-first world has its challenges, so famed watchmaker Movado Group has kept a tight focus on its core while undergoing a digital transformation.

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