Movado Group (NYSE: MOV) reported fiscal 2027 second-quarter net sales of $169.8 million, up 4.9% from $161.8 million a year earlier. Net income attributable to Movado Group was $12.3 million, or $0.53 per diluted share, compared with $3.0 million, or $0.13 per diluted share, in the prior-year quarter.

Operating income was $14.9 million, compared with $4.0 million a year earlier. Results included $3.2 million in IEEPA duty refunds, plus $0.1 million in related interest.

  • Gross margin was 59.4%, compared with 54.1% in the prior-year quarter.
  • Cash totaled $211.6 million at July 31, 2026, and the company reported no debt.
  • The board declared a quarterly cash dividend of $0.40 per share, payable September 22, 2026, to shareholders of record September 8, 2026.
  • For the second half of fiscal 2027, the company expects mid-single-digit sales growth and gross margin of 55% to 56%, excluding additional IEEPA duty refunds.
  • Movado discontinued providing an annual outlook.


Source link

Author

Shin John
Shin JohnYtv Market News
Share-market news writer and analyst with deep experience covering equities, commodities, forex, and cryptocurrencies for readers in the USA, UK, Canada, and Australia. Ytv Market News delivers timely market updates, practical trading insights, and clear explanations of macro and company-level catalysts that move prices. Combines on-the-ground financial reporting with technical analysis, using concise charts and actionable ideas to help investors and traders make smarter decisions.