Movado Group (MOV) Tops Q4 EPS by 17c, Sales Miss; Guides Below the Street

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Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2017 Results

March 20, 2017 6:45 AM EDT

~ Full Year Diluted EPS of $1.51 and Adjusted Full Year Diluted EPS of $1.59 ~

~ Announces Cost Savings Initiatives ~

~ Introduces Fiscal 2018 Outlook ~

~ Board Approves Regular Quarterly Dividend ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2017 results for the periods ended January 31, 2017.

Efraim Grinberg, Chairman and Chief Executive Officer, stated, In a challenging holiday selling season, we were pleased to see our brands outperform the overall watch... More