Times have been rather tough for watch company Movado Group (NYSE: MOV ). Year to date, shares are down 15.8%. And over the last year, they have fallen by 38.2%. After the COVID-19 pandemic, there was a surge in demand for quality watches. This pushed theCrude 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 a ...

Group 1 - Movado Group, Inc. is a watchmaker originally from Switzerland, now based in the United States, known for its clean and simple design [1] - The company has established a reputation for offering products that are not exactly cheap but are priced within a reasonable range [1] Group 2 - The focus of the analysis is primarily on small- to mid-cap companies, which are often overlooked by many investors, while also occasionally reviewing large-cap names for a broader market perspective [1]

Movado Group (MOV) Q1 2026 Earnings Call May 29, 2025 09:00 AM ET Company Participants Allison Malkin - PartnerEfraim Grinberg - Chairman & CEOSallie Demarsilis - EVP, COO, CFO & Principal Accounting OfficerHamed Khorsand - Principal Operator Good day, everybody, and welcome to Movado First Quarter and Fiscal Year twenty twenty six Earnings Call. As a reminder, today's call is being recorded and may not be reproduced in full or in part without permission from the company. At this time, I would like to turn ...

Financial Data and Key Metrics Changes - For the first quarter, sales were $131.8 million, down 1.9% from $134.4 million last year, or down 1% on a constant currency basis [5][15] - Adjusted operating income decreased to $870,000 from $2.1 million last year [5][18] - Adjusted earnings per share were $0.08, down from $0.09 last year [6][18] - Cash at the end of the quarter was $203.1 million, compared to $225.4 million at the same time last year [19] Business Line Data and Key Metrics Changes - U.S. sales decreased by 1.6%, while international sales were down 2.2%, or 0.7% on a constant currency basis [7][16] - Licensed brands saw strong growth with sales improving by high single digits [8] - Movado brand refresh initiatives, including new product introductions, have received a strong consumer response [7] Market Data and Key Metrics Changes - The retail environment remains uncertain, impacting consumer behavior, particularly in the U.S. and Europe [24] - The outlet division saw an improved trend with sales down only 1.7%, continuing into the second quarter [10] Company Strategy and Development Direction - The company is focused on managing controllables and operating with flexibility while delivering innovation and value [12] - Strategic initiatives include product innovation and cost savings measures, such as reducing marketing expenditures [5][17] - The company is rationalizing its expense infrastructure to improve financial performance [26] Management Comments on Operating Environment and Future Outlook - Management noted that the current economic environment and tariff-related uncertainties have impacted consumer discretionary spending [11][20] - The company is not providing a fiscal 2026 outlook due to macroeconomic uncertainties [20] - There is resilience in the category with young consumers embracing trend-forward watches and jewelry [12] Other Important Information - The company recorded approximately $1.6 million of other non-operating income, primarily from interest earned on its global cash position [18] - Unrealized losses due to currency fluctuations were noted, with management indicating that these will only be realized when paid [30][31] Q&A Session Summary Question: Insights on sales momentum and trends - Management indicated that sales vary by market and brand, with pockets of growth and challenges, but they are satisfied with current sales levels [23] Question: Impact of tariffs on consumer behavior - Management acknowledged that discretionary purchases are challenged and emphasized the importance of delivering value to consumers [24][25] Question: Alignment of earnings per share and cash dividend - Management highlighted a strong balance sheet and expected improved operating cash flow in the second half of the year [28] Question: Unrealized loss in foreign exchange - Management explained that the unrealized loss was due to a decline in the U.S. Dollar and will be mitigated in future quarters [30][31]

Financial Performance - Net sales for the three months ended April 30, 2025 were $131.8 million, representing a $2.6 million or 1.9% decrease from the prior year period[113]. - The Watch and Accessory Brands segment net sales were $114.8 million, a decrease of $2.3 million or 2.0% compared to the prior year, primarily due to a $6.8 million or 17.0% decrease in the owned brands category[114]. - The licensed brands category saw an increase in net sales of $6.2 million or 8.3%, partially offsetting the decline in owned brands[114]. - Net sales for the U.S. Watch and Accessory Brands segment were $38.6 million, a decrease of $0.5 million or 1.4% compared to the prior year, primarily due to an unfavorable sales mix[115]. - International net sales in the Watch and Accessory Brands segment were $76.2 million, down $1.8 million or 2.3%, impacted by foreign currency fluctuations of $1.2 million[116]. - Net income attributable to Movado Group, Inc. was $1.4 million for the three months ended April 30, 2025, compared to $2.0 million in the prior year[130]. Cost and Expenses - The Company recorded $4.6 million in accruals for severance and employee-related charges during fiscal year 2025 as part of a cost-savings initiative[107]. - The Company expects annual savings of approximately $10.0 million from the cost-savings initiatives implemented[107]. - Gross profit for the three months ended April 30, 2025, was $71.4 million, representing 54.1% of net sales, a decrease from 54.3% in the prior year[118]. - SG&A expenses increased by $0.3 million or 0.4% to $71.1 million, driven by a $2.7 million rise in foreign exchange losses[119]. - The Company recorded an operating loss of less than $0.1 million in the Watch and Accessory Brands segment, compared to an operating income of $1.7 million in the prior year[120]. - The U.S. locations of the Watch and Accessory Brands segment reported an operating loss of $7.0 million, an improvement from an $8.1 million loss in the prior year[121]. - International locations recorded operating income of $7.0 million, down from $9.8 million in the prior year, due to higher SG&A expenses[124]. Cash Flow and Investments - Cash used in operating activities was $7.2 million, an improvement from $18.1 million used in the prior year[133]. - The Company had $203.1 million in cash and cash equivalents as of April 30, 2025, down from $225.4 million in the prior year[131]. - The Company committed to invest up to $21.5 million in minority investments, having funded approximately $14.1 million through fiscal 2025 and an additional $1.3 million in the first three months of fiscal 2026[143]. - Cash paid for interest was $0.1 million for both the three-month periods ended April 30, 2025, and April 30, 2024[142]. Tariffs and Foreign Exchange - The U.S. government imposed a baseline special tariff of 10% on products from all countries, which is expected to increase the Company's cost of sales[104]. - The total U.S. special tariff on Chinese watch bands and jewelry has increased to 37.5% due to recent tariff implementations[105]. - Fluctuations in foreign currency exchange rates negatively impacted net sales by $1.2 million compared to the prior year period[113]. Shareholder Returns - The Company declared a cash dividend of $0.35 per share, totaling $7.8 million, for both the three-month periods ended April 30, 2025, and April 30, 2024[144]. - The Company expects to continue declaring cash dividends in the future, subject to the Board of Directors' discretion[144]. Debt and Financial Obligations - As of April 30, 2025, the Company had unsecured lines of credit totaling 6.5 million Swiss Francs, equivalent to $7.9 million, with no borrowings against these lines[140]. - The Company had no floating rate debt as of April 30, 2025, and reported no weighted average borrowings during the three months ended April 30, 2025[153]. - The Company has guaranteed obligations to third parties totaling $1.5 million as of April 30, 2025, related to its foreign subsidiaries[141]. Hedging and Future Contracts - As of April 30, 2025, the Company's net forward contracts hedging portfolio included 30.5 million U.S. dollars equivalent and 34.6 million Euros equivalent, with various expiry dates[151]. - The Company did not hold any future contracts in its gold hedge portfolio as of April 30, 2025, meaning changes in gold purchase prices will directly affect the cost of sales[152]. Share Repurchase - During the three months ended April 30, 2024, the Company repurchased 39,000 shares at a total cost of $1.1 million, averaging $27.85 per share[145].

Movado (MOV) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -79.49%. A quarter ago, it was expected that this watchmaker would post earnings of $0.39 per share when it actually produced earnings of $0.51, delivering a surprise of 30.77%.Over the last four quarters, the company has su ...

EXHIBIT 99.1 CONTACT: ICR, Inc. MOVADO GROUP, INC. ANNOUNCES FIRST QUARTER FISCAL 2026 RESULTS ~ Net Sales of $131.8 million ~ ~ Operating Income of $0.3 million and Adjusted Operating Income of $0.9 million ~ ~ EPS of $0.06 and Adjusted EPS of $0.08 ~ ~ Board Approves Quarterly Dividend of $0.35 Per Share ~ Paramus, NJ – May 29, 2025 -- Movado Group, Inc. (NYSE: MOV) today announced first quarter fiscal 2026 results for the period ended April 30, 2025. Fiscal 2026 First Quarter Highlights Efraim Grinberg, ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Movado (MOV) reports results for the quarter ended April 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may mov ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Movado Group, Inc. (“Movado” or the “Company”) (NYSE:MOV) on behalf of Movado stockholders. Our investigation concerns whether Movado has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On April 11, 2025, in a filing with the United States Securities and Excha ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Movado Group, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Allegations and Company Response - On April 11, 2025, Movado disclosed allegations of misconduct within its Dubai branch related to sales practices in the Middle East, India, and Asia Pacific [3]. - The company identified that the former managing director and certain employees engaged in actions leading to an overstatement of sales, premature recognition of sales, and underreporting of credit notes owed to customers [3]. - Movado's financial statements dating back to 2022 will require restatements to accurately reflect sales and credits, indicating ineffective internal controls over financial reporting [3]. Group 2: Financial Impact - Following the disclosure of these allegations, Movado's stock price fell to $13.56 per share, marking a 1.81% decrease from the previous closing price of $13.81 [3]. Group 3: Legal Action and Investor Rights - Rosen Law Firm is preparing a class action to seek recovery of investor losses, allowing affected shareholders to join without any out-of-pocket fees through a contingency fee arrangement [2]. - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions, highlighting Rosen Law Firm's experience and past achievements in this area [4].