Movado Group Inc
NYSE:MOV
Movado Group Inc
Movado Group, Inc. engages in the design, manufacture, and distribution of watches. The company is headquartered in Paramus, New Jersey and currently employs 940 full-time employees. The firm operates through two segments: Watch and Accessory Brands and Company Stores. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches and, to a lesser extent, jewellery and other accessories, of owned and licensed brands, in addition to after-sales service activities and shipping. The firm Stores segment includes the Company's physical retail outlet locations in the United States and Canada. Its portfolio of watch brands consists of owned brands, such as MOVADO, CONCORD, EBEL, OLIVIA BURTON and MVMT as well as licensed brands, such as COACH, TOMMY HILFIGER, HUGO BOSS, LACOSTE, CALVIN KLEIN and SCUDERIA FERRARI. The company also designs, sources, markets, and distributes jewellery and other accessories under certain of its brands. The firm divides its business into two geographic locations, such as the United States and the International operations.
Movado Group, Inc. engages in the design, manufacture, and distribution of watches. The company is headquartered in Paramus, New Jersey and currently employs 940 full-time employees. The firm operates through two segments: Watch and Accessory Brands and Company Stores. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches and, to a lesser extent, jewellery and other accessories, of owned and licensed brands, in addition to after-sales service activities and shipping. The firm Stores segment includes the Company's physical retail outlet locations in the United States and Canada. Its portfolio of watch brands consists of owned brands, such as MOVADO, CONCORD, EBEL, OLIVIA BURTON and MVMT as well as licensed brands, such as COACH, TOMMY HILFIGER, HUGO BOSS, LACOSTE, CALVIN KLEIN and SCUDERIA FERRARI. The company also designs, sources, markets, and distributes jewellery and other accessories under certain of its brands. The firm divides its business into two geographic locations, such as the United States and the International operations.
Revenue Growth: Movado reported Q3 revenue of $186.1 million, up 3.1% year-over-year, with growth of 5.9% excluding the Middle East.
Gross Margin Improvement: Gross margin rose 80 basis points to 54.3% despite a $4.5 million tariff headwind.
Operating Income: Operating income climbed 43.5% to $12.6 million, reflecting higher sales and improved margins.
Cash & Balance Sheet: The company ended the quarter with $183.9 million in cash and no debt.
Outlook: No formal guidance was provided for fiscal 2026 due to economic uncertainty and unpredictable tariff impacts.
Brand Momentum: Strong performance was driven by innovation, new product launches, and increased engagement with younger and female consumers.
US Market: US net sales grew 6.9%, led by company stores and direct-to-consumer channels.
