Movado Group (MOV) Tops Q4 EPS by 1c; Guides FY17 EPS, Revenue Below Expectations

Movado Group (NYSE: MOV) reported Q4 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $143.3 million versus the consensus estimate of $140.7 million.

Gross profit was $75.4 million, or 52.6% of sales, compared to $67.4 million, or 50.3% of sales in the same period last year. Adjusted gross profit for the fourth quarter of fiscal 2016, which excludes a $0.1 million adjustment in charges related to operating efficiency initiatives and other items, was $75.3 million, or 52.5% of sales.

GUIDANCE:

Movado Group sees FY2017 EPS of $1.85-$2.00, versus the consensus of $2.27. Movado Group sees FY2017 revenue of $585-600 million, versus the consensus of $615.3 million.

For earnings history and earnings-related data on Movado Group (MOV) click here.

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