Movado Group (MOV) Reports Q1 Loss of $0.56/sh

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Go back to Movado Group (MOV) Reports Q1 Loss of $0.56/sh

Movado Group, Inc. Announces First Quarter Results and Updated Actions in Response To COVID-19

June 9, 2020 6:45 AM EDT

~ First Quarter Net Sales of $69.7 million ~

~ First Quarter Loss Per Share of ($6.48), or ($0.56) Excluding Impairment and Other Charges ~

~ Ends First Quarter with Cash of $188 million ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced first quarter results for the period ended April 30, 2020. The Company noted that its first quarter fiscal 2021 results were significantly affected by the impact of the COVID-19 pandemic on the operations of the Company and its wholesale partners.

Efraim Grinberg,... More