Fourth Quarter Sales Growth
Sales grew by 3.3% to $181.5 million in the fourth quarter, indicating an improvement compared to the previous quarters.
Increased Cash Reserves
The company ended the year with $208.5 million in cash and no outstanding debt.
Dividend and Share Repurchase Commitment
Announced a quarterly dividend of $0.35 and a commitment to shareholder value through dividends and a share repurchase program.
International Sales Growth
International net sales increased by 8.8% in the fourth quarter, and by 12.2% on a constant currency basis.
Brand Building Initiatives
Continued progress in strategic brand building efforts, including a refresh of the Movado brand and new products with positive retail performance.