Movado Group (NYSE: MOV) reported Q1 EPS of $0.22, $0.14 better than the analyst estimate of $0.08. Revenue for the quarter came in at $142.4 million versus the consensus estimate of $135.39 million.

Given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict, the Company has elected not to provide a fiscal 2027 outlook at this time. The Company noted that the first quarter of 2027 benefited from the positive impact of fluctuations in foreign exchange rates. As such, the Company expects net sales growth to moderate in the second quarter.

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