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Movado Group Inc. (MOV)
NYSE:MOV
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
$0.3Last Year’s EPS
$0.55Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -4.58%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were significant achievements in digital sales growth, licensed brands, and international market performance, these were counterbalanced by challenges in net sales decline, reduced profitability, and a challenging retail environment in key markets.Company Guidance
During the Movado Group's third quarter fiscal 2025 earnings call, the executives provided comprehensive guidance on various financial metrics and strategic initiatives. The company reported a 2.6% decrease in net sales to $182.7 million compared to the previous year, with a significant decline of 7.1% in the U.S. market partially offset by a 0.4% increase internationally. Gross profit margin slightly decreased to 53.8%, primarily due to unfavorable channel and product mix. Operating income fell to $9.3 million from $20.7 million the previous year, while net income dipped to $8.3 million. The company emphasized its strong balance sheet, with $182 million in cash and no debt, highlighting a new $50 million share repurchase plan. Looking forward, Movado expects net sales of approximately $665 million and operating income of about $23 million for the fiscal year, with a focus on cost-reduction initiatives targeting $6.5 million in annual savings.Strong Online Sales Growth
Movado.com's quarterly sales increased by 16.9%, with both September and October sales growing by over 25%.
Licensed Brands Performance
Sales in licensed brands grew by 3.8%, driven by Coach, Lacoste, Calvin Klein, and HUGO BOSS.
International Market Growth
The Movado brand continues to perform well in India, with a 20% increase, and growth was noted in Latin America, the Middle East, India, and Australia.
Strong Balance Sheet
The company maintains $182 million in cash and no debt, with a new $50 million share repurchase plan approved.
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MOV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $20.51 | $20.45 | -0.29% |
| Sep 05, 2024 | $21.80 | $18.60 | -14.68% |
| May 30, 2024 | $25.48 | $25.02 | -1.81% |
| Mar 26, 2024 | $24.93 | $25.11 | +0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Movado Group Inc. (MOV) report earnings?
Movado Group Inc. (MOV) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Movado Group Inc. (MOV) earnings time?
Movado Group Inc. (MOV) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MOV EPS forecast?
MOV EPS forecast for the fiscal quarter 2025 (Q4) is $0.3.
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