Movado Group (MOV) Tops Q4 EPS by 39c, Offers Guidance

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Go back to Movado Group (MOV) Tops Q4 EPS by 39c, Offers Guidance

Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2021 Results

March 25, 2021 6:45 AM EDT

~ Fourth Quarter Net Sales of $178.3 million ~

~ Operating Income of $25.9 million and Adjusted Operating Income of $23.9 million ~

~ Ends Fiscal 2021 with Cash of $223.8 million compared to $185.9 million in Fiscal 2020 on Lower Debt ~

~ Board Approves New Share Repurchase Program and Declares Quarterly Dividend of $0.20 Per Share ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2021 results for the periods ended January 31, 2021.

Efraim Grinberg, Chairman and Chief Executive Officer,... More