Movado Group (MOV) Tops Q3 EPS by 6c, Reiterates FY19 Outlook

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Movado Group, Inc. Announces Third Quarter Results

December 4, 2018 6:45 AM EST

~ Third Quarter Revenue Increased to $208.9 Million, up 9.6%, or 10.0% in Constant Currency ~

~ Reported EPS of $1.14 and Adjusted EPS of $1.18 ~

~ Reiterates Fiscal 2019 Outlook ~

~ Board Declares Quarterly Dividend ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced third quarter and nine month results for the period ended October 31, 2018.

Net sales increased 9.6% to $208.9 million, or 10.0% on a constant currency basis Operating income of $24.1 million and adjusted operating income of $35.7... More