Movado Group (MOV) Tops Q2 EPS by 19c, Beats on Revenue; Offers Guidance

Movado Group (NYSE: MOV) reported Q2 EPS of $0.54, $0.19 better than the analyst estimate of $0.35. Revenue for the quarter came in at $169.8 million versus the consensus estimate of $164.17 million.

Going forward, the Company remains committed to providing transparency and insight into its business, markets, and current trends. However, the Company has chosen to discontinue providing an annual outlook as it believes its focus is better served on the execution of its long-term strategy, which is expected to drive profitable growth and increased value for shareholders. As it relates to the second half of fiscal 2027, the Company expects to build on the momentum of the first half of the year to deliver topline growth in the mid-single-digit range and gross margin in a range of 55% to 56%, excluding any additional IEEPA duty refunds.

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

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