Movado Group, Inc. Announces Second Quarter Results
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Movado Group (MOV) Misses Q2 EPS by 13c, Revenues Miss; Updates FY20 EPS/Revenue Guidance Below Cosnensus
August 28, 2019 6:51 AM EDTMovado Group (NYSE: MOV) reported Q2 EPS of $0.36, $0.13 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $157.8 million versus the consensus estimate of $167 million.
Net sales increased 9.5% to $157.8 million, or 11.0% on a constant dollar basis;Operating income of $8.8 million versus $12.9 million in the prior year period; Adjusted operating income of $10.3 million versus $14.6 million in the prior year period; andDiluted EPS of $0.75; Adjusted diluted EPS of $0.36 compared to $0.45 in prior year period.Efraim Grinberg, Chairman and Chief Executive Officer, stated, Overall, we delivered sales growth of... More
