Sales Performance - Net sales for the three months ended July 31, 2019 were $157.8 million, an increase of $13.7 million or 9.5% compared to the prior year period [120]. - Net sales in the Watch and Accessory Brands segment were $136.8 million, up $13.7 million or 11.2% from the prior year, driven by increases in both the International and United States locations [121]. - In the United States, net sales for the Watch and Accessory Brands segment reached $45.9 million, an increase of $7.7 million or 20.1%, with owned brands increasing by $3.6 million or 11.6% [122]. - Internationally, net sales in the Watch and Accessory Brands segment were $90.9 million, up $6.0 million or 7.1%, despite a $2.1 million negative impact from foreign currency exchange rates [123]. - Net sales for the six months ended July 31, 2019, reached $304.4 million, representing a 12.2% increase compared to the prior year, despite a negative impact of $6.7 million from foreign currency fluctuations [138]. - The Watch and Accessory Brands segment net sales for the six months ended July 31, 2019, were $268.3 million, an increase of 14.1% year-over-year, driven by growth in both U.S. and International locations [139]. - U.S. Watch and Accessory Brands net sales increased by $18.5 million or 25.8% to $90.6 million for the six months ended July 31, 2019, attributed to growth in both owned and licensed brands [140]. - International Watch and Accessory Brands net sales rose by $14.6 million or 8.9% to $177.7 million, despite a $6.7 million negative impact from foreign currency fluctuations [141]. Profitability - Gross profit for the three months ended July 31, 2019 was $85.3 million, representing 54.1% of net sales, compared to 54.0% in the prior year [125]. - Gross profit for the six months ended July 31, 2019, was $164.2 million, or 54.0% of net sales, compared to $145.4 million or 53.6% in the prior year, reflecting a higher gross margin percentage [143]. - The Company recorded net income attributable to Movado Group, Inc. of $17.5 million for the three months ended July 31, 2019, compared to $9.1 million in the prior year [135]. - Net income attributable to Movado Group, Inc. increased to $21.4 million for the six months ended July 31, 2019, compared to $17.3 million in the prior year [153]. Expenses - SG&A expenses increased by $11.6 million or 17.8% to $76.6 million, primarily due to higher marketing expenses related to the MVMT acquisition and new store openings [126]. - SG&A expenses increased by $26.1 million or 21.0% to $150.5 million for the six months ended July 31, 2019, primarily due to higher marketing and payroll expenses related to the MVMT acquisition [144]. - The Company Stores segment recorded an operating income of $5.0 million, down from $6.4 million, due to higher SG&A expenses of $1.8 million, despite a slight increase in gross profit [148]. Operating Income - For the three months ended July 31, 2019, the Watch and Accessory Brands segment recorded operating income of $5.7 million, down from $8.2 million in the prior year, impacted by higher SG&A expenses of $10.3 million [127]. - The U.S. Watch and Accessory Brands segment reported an operating loss of $6.3 million for the three months ended July 31, 2019, an improvement from a loss of $6.8 million in the prior year, despite higher SG&A expenses of $3.8 million [128]. - International Watch and Accessory Brands segment operating income decreased to $12.0 million from $15.0 million year-over-year, primarily due to higher SG&A expenses of $6.5 million [129]. - Operating income for the International Watch and Accessory Brands segment decreased by $3.2 million to $25.9 million, impacted by higher SG&A expenses of $10.6 million, partially offset by a gross profit increase of $7.4 million [147]. Cash Flow and Capital Management - Cash and cash equivalents decreased to $134.9 million as of July 31, 2019, down from $175.6 million in the previous year [154]. - Working capital decreased to $334.8 million from $378.0 million, primarily due to the addition of current operating lease liabilities and the acquisition of MVMT [156]. - Cash used in operating activities was $32.6 million for the six months ended July 31, 2019, compared to cash provided of $4.1 million in the same period of 2018 [157]. - Cash used in investing activities increased to $7.0 million, primarily for capital expenditures related to store openings and renovations [158]. - The Company repurchased 131,402 shares at a total cost of $4.2 million during the six months ended July 31, 2019, with $36.4 million remaining available under the share repurchase program [166]. Debt and Taxation - The effective tax rate increased to 20.7% for the six months ended July 31, 2019, compared to 16.8% in the prior year, primarily due to changes in foreign profits taxation [150]. - As of July 31, 2019, floating rate debt totaled $50.3 million, compared to zero in 2018 [174]. - The debt is based on LIBOR plus a spread of 1.00% to 1.75% per annum or a base rate plus a spread of 0% to 0.75% per annum [174]. - The company's current spreads are 1.00% over LIBOR and 0% over the base rate as of July 31, 2019 [174]. - The company does not hedge against interest rate risks [174]. - A one-percent change in the average interest rate would result in a $0.2 million change in interest expense for the six months ended July 31, 2019 [174].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended April 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-16497 MOVADO GROUP, INC. (Exact Name of Registrant as Specified in its Charter) New York 13-2595932 (State or Other Jurisdiction of Incorporati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For fiscal year ended January 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-16497 MOVADO GROUP, INC. (Exact name of registrant as specified in its charter) | New York | 13-2595932 | | --- | --- | | (State or Othe ...