Movado news and archive

Movado Group cuts forecast reflecting continued challenging environment

Movado Group’s second quarter net sales decreased by 0.7 percent or 0.3 percent on a constant dollar basis to 159.3 million dollars. The US net sales decreased 0.3 percent and international net sales decreased 0.9 percent or 0.3 percent on a constant dollar basis. Net sales for the first six months decreased 3.1 percent reported and on a...

Business

Movado posts decline in sales and earnings

Movado, operating stores in the US and Canada, reported a first quarter net sales decrease of 5.7 percent or 6.1 percent on a constant dollar basis to 136.7 million dollars. The company attributed the decrease in net sales to declines in wholesale customers’ brick and mortar stores and Movado company stores. Net sales in the US decreased 6.2...

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Movado lowers FY24 outlook as Q2 sales decline 12.3 percent

Movado Group, Inc. net sales decreased 12.3 percent or 13.8 percent on a constant dollar basis to 160.4 million dollars in the second quarter. The company said lower sales reflect declines in wholesale customers’ brick and mortar stores, online retail and Movado company stores due to the challenging environment for consumer discretionary...

Business

Movado Group posts increase in Q4 sales, swings to FY net profit

Watch specialist Movado Group has reported an increase in net sales in the fourth quarter as it ended the year back in the black. For the quarter ending January 31, the group reported net sales of 206 million dollars, a year-over-year increase of 15.5 percent, or 17.2 percent on a constant dollar basis. The group, whose portfolio of brands...