Movado Group (MOV) Tops Q1 EPS by 36c

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Movado Group, Inc. Announces First Quarter Fiscal 2023 Results

May 26, 2022 6:45 AM EDT

~ Net Sales Increase 21.2% to $163.4 million ~

~ Gross Margin Expansion of 420 bps vs. Prior Year Period ~

~ EPS of $0.79 and Adjusted EPS of $0.82 ~

~ Board Approves Quarterly Dividend of $0.35 Per Share ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced first quarter fiscal 2023 results for the period ended April 30, 2022.

Fiscal 2023 First Quarter Highlights (See attached table for GAAP and Non-GAAP... More