Movado Group (MOV) Misses Q3 EPS by 43c, Misses on Revenue; Offers FY24 Revenue Guidance

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Movado Group, Inc. Announces Third Quarter Results

December 5, 2024 6:45 AM EST

~ Net Sales of $182.7 million ~

~ Operating Income of $6.6 million and Adjusted Operating Income of $9.3 million ~

~ EPS of $0.22 and Adjusted EPS of $0.37 ~

~ Updates Fiscal Year 2025 Outlook ~

~ Board Approves New Share Repurchase Program and Declares Quarterly Dividend of $0.35 Per Share ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced third quarter and nine-month results for the periods ended October 31, 2024.

Efraim Grinberg, Chairman and Chief Executive Officer, stated, We continued to advance our... More