Core Viewpoint - Movado Group reported a return to growth in fiscal 2026, driven by improving demand trends, brand and product innovation, and disciplined execution on profitability initiatives [2][3] Financial Performance - Revenue for fiscal 2026 increased by 2.7% to $671.3 million, while adjusted operating income rose by 28.7% to $34.8 million, exceeding company expectations [3] - In the fourth quarter, sales rose by 5.6% year over year to $191.6 million, with adjusted operating income increasing by 6.2% to $14.4 million [4] - For the full year, gross margin was 54.2%, up from 54.0% in fiscal 2025, with operating income at $34.8 million, or 5.2% of sales, compared to $27.1 million, or 4.1% of sales, in the prior year [7] Sales Performance - U.S. net sales increased by 11.2% in the fourth quarter, while international net sales rose by 1% as reported but declined by 5.9% on a constant currency basis [5] - Company-owned stores experienced a strong holiday season, with sales up by 9% in the fourth quarter [11] Cost and Margin Management - Fourth-quarter gross margin was 54.1%, slightly down from 54.2% a year earlier, with the company absorbing increased U.S. tariffs through favorable channel and product mix [6] - Operating expenses increased to $89.3 million from $84.8 million, driven by higher performance-based compensation [6] Strategic Initiatives - The company is focusing on brand and product initiatives targeting younger consumers and women, with a strong emphasis on digital engagement and omni-channel approaches [10] - New product plans include the introduction of a new women's Museum watch called Velura and expansion of jewelry collections [13] Digital Marketing and Consumer Engagement - Movado has made significant progress in connecting with consumers through digital storytelling and marketing campaigns featuring brand ambassadors [15] - The company plans to leverage its 145th anniversary for marketing campaigns focused on Swiss heritage and craftsmanship [16] Cash Position and Share Repurchases - Movado reported operating cash flow of $57.9 million and ended the year with $230.5 million in cash and no outstanding debt [18] - The company repurchased about 208,000 shares during fiscal 2026 and plans to use the repurchase plan to offset dilution in fiscal 2027 [19] Outlook and Economic Considerations - Due to economic and geopolitical uncertainty, including the impact of the Middle East conflict, Movado has chosen not to provide a fiscal 2027 outlook at this time [20]

Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussion of the sector.Sign up today for your two-week free trial and get a new lease on oil & gas! ...

Earnings Call InsightsMovado signals margin expansion path as Q4 sales rise 5.6% with strong U.S. growthMar 19, 2026, 6:02 PM ETMovado Group, Inc. (MOV) Stock, MOVAA StockAI-Generated Earnings Calls InsightsCommentsEarnings Call Insights: Movado Group (MOV) Q4 2026 Management View Efraim Grinberg, Chairman & CEO, reported that "revenue increased 2.7% to $671.3 million and adjusted operating income grew 28.7% to $34.8 million, reflecting strong execution across our strategic priorities." He noted sales in t ...

Sales and Revenue - Jewelry sales accounted for 10.2% of consolidated net sales in fiscal year 2026[26] - The second half of the fiscal year historically accounts for a significant portion of net sales, with 56.3% in 2026, 55.4% in 2025, and 54.2% in 2024[48] - For the fiscal year ended January 31, 2026, licensed brands represented 58.3% of the Company's net sales, indicating significant reliance on these agreements for revenue generation[122] - The Company's International operations accounted for 34.1% of total net sales in Europe, 9.7% in the Americas (excluding the U.S.), 7.0% in Asia, and 5.9% in the Middle East for fiscal 2026[201] Marketing and Brand Strategy - The Company plans to launch a new collection under the Kate Spade New York brand in spring 2027[16] - The Company focuses on expanding its digital marketing and online reach, including social media and influencer partnerships[41] - The Company has a selective licensing strategy, entering long-term agreements with powerful brands[15] - The Company’s owned brands generally earn higher gross margins compared to licensed brands, with e-commerce gross margins also exceeding those of traditional wholesale[205] Financial Performance and Risks - The Company had unfilled orders of $46.9 million as of March 13, 2026, compared to $56.8 million on April 11, 2025, and $41.0 million on March 20, 2024, indicating a decrease in backlog[49] - Adverse economic conditions, including declines in consumer confidence and spending, could materially affect the Company's operating results, particularly for discretionary items[86][87] - The United States has imposed additional tariffs on imported goods, which could increase product and input costs, disrupt sourcing, and adversely affect margins[96][99] - The Company is subject to foreign currency exchange rate risk, with significant inventory purchases in Swiss Francs and sales in various foreign currencies, impacting future results of operations[95] Operational Structure - The Company operates in two segments: Watch and Accessory Brands and Company Stores[42] - The Company operates 53 retail outlet locations in the U.S. and four in Canada, along with an online outlet store, providing effective channels for selling current and discontinued models[47] - The Company employs a flexible manufacturing model, relying on independent manufacturers to meet market demand while maintaining high-quality standards[55] Employee and Workforce - Approximately 37% of the Company's non-retail employees have been with the Company for over 10 years, indicating strong employee retention[70] - The Company has a global workforce of 1,386 employees, with 991 full-time, 363 part-time, and 32 temporary employees as of January 31, 2026[69] Legal and Compliance - The Company actively protects its intellectual property rights and is involved in litigation to enforce these rights when necessary[66] - The Company operates in numerous foreign jurisdictions and is subject to anti-corruption laws, which could result in significant penalties if violated[94] - The Company is involved in legal proceedings that may affect its financial condition, but the resolution of these matters is not expected to materially impact future results[185] Supply Chain and Production - The Company relies on independent manufacturers, and any loss or disruption in supply could adversely affect customer relations and net sales[145] - The Company maintains service facilities worldwide, including four owned facilities and several authorized independent service centers for warranty repairs[52] Cybersecurity and Technology - Cybersecurity risks pose a threat to the Company's information systems, potentially leading to lost sales and damage to customer relationships[150] - E-commerce operations are at risk from system failures and disruptions, which could lead to lost sales and harm the Company's reputation[134] Financial Management - The Company must secure financing on favorable terms to maintain its financial condition, as increased borrowing costs could adversely impact operations[164] - The Company expects to incur significant charges from restructuring and optimization initiatives, which could reduce operating income and net income[149] Market Competition - The Company faces intense competition in the watch industry, including from smart watches, which could adversely affect its market position and financial results[113] - Regulatory changes and a shifting marketing environment may hinder the Company's ability to penetrate key market segments, potentially leading to a loss of market share and revenue[120] Environmental and Social Responsibility - The Company is committed to community engagement, sponsoring The Movado Group Foundation, which supports philanthropic campaigns in the U.S.[79] - The Company is subject to environmental risks, including climate change, which could lead to increased operational expenses and affect profitability[137]

Movado Group (NYSE:MOV) Q4 2026 Earnings call March 19, 2026 09:00 AM ET Company ParticipantsAllison Malkin - PartnerEfraim Grinberg - Chairman and CEOSallie DeMarsilis - EVP, CFO, and Principal Accounting OfficerConference Call ParticipantsHamed Khorsand - Senior Research AnalystOwen Rickert - Senior Research AnalystOperatorGood day, everyone, and welcome to the Movado Group, Inc. Fourth Quarter 2026 Earnings Conference Call. As a reminder, today's call is being recorded and may not be reproduced in full o ...

Financial Data and Key Metrics Changes - Revenue increased by 2.7% to $671.3 million for fiscal 2026, with adjusted operating income growing by 28.7% to $34.8 million, reflecting strong execution across strategic priorities [4][14] - Fourth quarter sales rose by 5.6% to $191.6 million, driven by the U.S. wholesale and retail business [4][15] - Adjusted operating income for the fourth quarter grew by 6.2% to $14.4 million, with strong operating cash flow of $57.9 million and ending the year with $230 million in cash and no debt [5][19] Business Line Data and Key Metrics Changes - Wholesale sales grew over 25%, and e-commerce business increased by 18%, indicating successful brand refresh initiatives [8] - Company stores experienced a strong holiday season, with sales up 9% in the fourth quarter due to higher average selling prices and improved merchandising [6] - The Movado brand saw significant growth, particularly in the Mini Bangle collection and the Movado 1917 Heritage collection [8][10] Market Data and Key Metrics Changes - U.S. net sales increased by 11.2% in the fourth quarter, while international net sales rose by 1% [15] - International net sales decreased by 5.9% on a constant currency basis, with strong performances in Europe and Mexico offset by weaker results in the Middle East [15][18] - Gross margin remained stable at 54.1% of sales compared to 54.2% in the previous year, despite increased U.S. tariffs [15][18] Company Strategy and Development Direction - The company focuses on four strategic priorities: customer-centric operations, consumer and brand-focused innovation, compelling storytelling, and driving profitability [5][12] - Plans to introduce new products, including the Vellura women's Museum watch and the Movado BOLD Verso S, while expanding jewelry collections [9][10] - The company aims to improve profitability by shifting towards higher-margin products and enhancing operational efficiency [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth after a challenging fiscal 2025, while remaining cautious about the broader environment, including geopolitical uncertainties [4][13] - The company is closely monitoring the conflict in the Middle East and its potential impact on global markets [13] - No fiscal 2027 outlook was provided due to current economic and geopolitical uncertainties [21] Other Important Information - The company recorded approximately $4.5 million of other non-operating income for fiscal 2026, primarily from interest earned on cash [19] - Cash at the end of the fiscal year was $230.5 million, with no outstanding debt, providing significant financial flexibility [19][20] - The company repurchased approximately 208,000 shares during fiscal 2026, with plans to utilize the share repurchase program to offset dilution [20][21] Q&A Session Summary Question: What is driving the strong performance of movado.com? - Management indicated that the growth is driven by higher consumer engagement, new innovations, and higher price points, with D2C expected to play a significant role alongside wholesale [24][25] Question: How much of the U.S. net sales growth was volume versus price driven? - Management stated that the growth was mostly volume driven, with minimal price increases implemented to offset tariffs [26][27] Question: Can you quantify the total tariff drag on gross margin for fiscal year 2026? - The company reported that tariffs impacted gross margin by about 150 basis points for the year, with a significant impact in the fourth quarter [28][29] Question: Given the high growth rate in the wholesale segment, is it due to under-investment in inventory or actual demand? - Management clarified that the growth was driven by actual demand and sell-through, with retailers actively seeking to rebuild inventory [41] Question: Will there be operational efficiencies due to the increase in units sold? - Management noted that increased volume has allowed for leveraging supply chain infrastructure, which should help improve gross margin and cost of goods sold [42]

Financial Data and Key Metrics Changes - Revenue for fiscal 2026 increased by 2.7% to $671.3 million, with adjusted operating income growing by 28.7% to $34.8 million, reflecting strong execution across strategic priorities [4][19] - Fourth quarter sales rose by 5.6% to $191.6 million, driven by the U.S. wholesale and retail business [4][15] - Adjusted operating income for the fourth quarter increased by 6.2% to $14.4 million, with strong operating cash flow of $57.9 million and ending the year with $230 million in cash and no debt [5][20] Business Line Data and Key Metrics Changes - Wholesale sales grew over 25%, and e-commerce business increased by 18%, attributed to brand refresh initiatives [7] - Company stores experienced a strong holiday season, with sales up 9% in the fourth quarter due to higher average selling prices and improved merchandising [6] - The Movado brand saw significant growth, particularly in the Mini Bangle collection and the Movado 1917 Heritage collection [7][9] Market Data and Key Metrics Changes - U.S. net sales increased by 11.2% in the fourth quarter, while international net sales rose by 1% [16] - International net sales decreased by 5.9% on a constant currency basis, with strong performances in Europe and Mexico offset by weaker results in the Middle East [16] - Overall, the company maintained a gross margin of 54.1%, nearly flat compared to the previous year [16] Company Strategy and Development Direction - The company focuses on four strategic priorities: customer-centric operations, consumer and brand-focused innovation, compelling storytelling, and driving profitability [5][12] - Plans to introduce new products, including the Vellura women's Museum watch and expansions in jewelry collections, are in place to capitalize on market trends [8][9] - The company aims to improve profitability by shifting towards higher-margin products and enhancing operational efficiency [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the return of consumers to the fashion watch category, particularly women, and highlighted the importance of younger consumers [10][13] - The ongoing conflict in the Middle East introduces uncertainty in global markets, and the company is closely monitoring the situation [13][22] - Due to economic and geopolitical uncertainties, the company has chosen not to provide a fiscal 2027 outlook at this time [22] Other Important Information - The company recorded approximately $4.5 million of other non-operating income for fiscal 2026, primarily from interest earned on cash [20] - Cash at the end of the fiscal year was $230.5 million, with no outstanding debt [20] - The company repurchased approximately 208,000 shares during fiscal 2026, with $46.1 million remaining under the authorized repurchase program [21][22] Q&A Session Summary Question: What is driving the strong performance of movado.com? - Management indicated that higher consumer engagement, new innovations, and higher average selling prices contributed to the growth [24][25] Question: How much of the U.S. net sales growth was volume driven versus price driven? - The growth was mostly volume driven, with minimal price increases implemented to offset tariffs [27] Question: Can you quantify the total tariff drag on gross margin for fiscal year 2026? - The tariffs impacted cost of goods sold by about $10 million, translating to a 150 basis point drag on gross margin for the year [29][30] Question: What would accelerate the pace of buyback activity? - Management emphasized the importance of maintaining a solid dividend and offsetting dilution through share repurchases, especially with significant cash balances [33][34] Question: Is there potential for operational efficiency with increased units sold? - Management acknowledged that increased volume could leverage supply chain infrastructure and improve gross margins [42][43]

Core Viewpoint - Movado (MOV) reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, and showing an increase from $0.51 per share a year ago, indicating a positive earnings surprise of +7.55% [1] Financial Performance - The company achieved revenues of $191.58 million for the quarter ended January 2026, surpassing the Zacks Consensus Estimate by 5.25% and up from $181.48 million year-over-year [2] - Over the last four quarters, Movado has exceeded consensus revenue estimates three times [2] Stock Performance - Movado shares have increased approximately 11.8% since the beginning of the year, contrasting with a 3.2% decline in the S&P 500 [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.08 on revenues of $135.38 million, and for the current fiscal year, it is $1.51 on revenues of $669.51 million [7] Industry Context - The Retail - Jewelry industry, to which Movado belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

While reporting financial results for the fourth quarter on Thursday, luxury watch maker Movado Group, Inc. (MOV) said it is not providing financial guidance for the full-year 2027 at this time, given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict and ongoing tariff developments.The Company also announced that the Board of Directors declared the payment on April 16, 2026, of a cash dividend in the amount of $0.35 for each share of t ...

EXHIBIT 99.1 ~ Fourth Quarter Net Sales of $191.6 million ~ ~ Fourth Quarter EPS of $0.55 and Fourth Quarter Adjusted EPS of $0.57 ~ ~ Board Declared Quarterly Dividend of $0.35 Per Share ~ Paramus, NJ – March 19, 2026 -- Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2026 results for the periods ended January 31, 2026. CONTACT: ICR, Inc. Allison Malkin 203-682-8225 MOVADO GROUP, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2026 RESULTS ~ Fiscal 2026 Net Sales of $671.3 milli ...