Movado Group (MOV) Misses Q3 EPS, Revs

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Movado Group, Inc. Announces Third Quarter Results

November 26, 2019 6:45 AM EST

~ Board Declares Quarterly Dividend ~

~ Updates Fiscal 2020 Outlook ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced third quarter and nine month results for the period ended October 31, 2019.

Net sales decreased 1.6% to $205.6 million, or increased 0.5% on a constant currency basis Operating income of $22.6 million and adjusted operating income of $24.2 million as compared to operating income of $24.1 million and adjusted operating income of $35.7 million in the prior year period EPS of $0.76 and adjusted EPS of... More