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]

Core Viewpoint - The article highlights the significant impact of organized crime on the U.S. supply chain, exacerbated by tariffs imposed by the Trump administration on Chinese goods, leading to increased theft and potential shortages in consumer goods [1][7]. Group 1: Supply Chain Impact - The U.S. supply chain is facing severe disruptions due to a surge in organized cargo thefts, with 3,798 reported incidents in 2024 resulting in losses of approximately $455 million [1][3]. - Experts estimate that the actual annual losses from cargo theft in the U.S. could reach nearly $1 billion or more, as many incidents go unreported [1][3]. - The Overhaul company predicts a 22% increase in cargo theft incidents by 2025 [1]. Group 2: Types of Goods Targeted - Food, beverages, household items, and electronics are the primary targets for cargo thieves, with food being particularly vulnerable due to its perishable nature [3][4]. - Nike shoes and Philips personal health products have been specifically mentioned as popular targets among thieves [3]. Group 3: Criminal Tactics - Criminal networks are utilizing technology to enhance their operations, allowing them to track logistics and select specific targets for theft [5]. - Thieves often employ tactics such as using fake invoices to impersonate legitimate company employees to facilitate the theft of goods [5]. Group 4: Legislative Response - In response to the rising theft incidents, bipartisan lawmakers have proposed the "Organized Retail Crime Act," aimed at establishing a coordination center within the Department of Homeland Security to combat cargo theft and organized retail crime [5]. Group 5: Economic Consequences - The tariffs imposed on Chinese goods have led to a 50% decrease in imports at the Port of Los Angeles, with prices for these goods reportedly increasing by 250% [7]. - The ongoing theft and tariff issues are expected to result in reduced consumer choices and increased prices for goods in the U.S. market [7][8].

Interparfums, Inc. (IPAR) reported first-quarter 2025 results, wherein the bottom line beat the Zacks Consensus Estimate. Both earnings and sales increased year over year. The company continues to gain from sustained consumer demand for its key fragrance brands and the launch of innovative new scents.IPAR maintained steady inventory levels while accelerating raw material conversion to finished goods in anticipation of potential supply chain constraints. To offset recent tariffs, the company is realigning it ...

Inter Parfums (IPAR) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Speaker0 Greetings, and welcome to the Interperform's First Quarter twenty twenty five Conference Call and Webcast. At this time, participants are in a listen only mode. As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to your host, Karen Daley, Vice President at The Equity Group and Interpoliform's Investor Relations representative. Please go ahead, Karen. Speaker1 Thank you, Kevin. Joining us on ...

Reaffirms 2025 Sales and Earnings GuidanceNEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2025. First Quarter Highlights: ($ in millions, except per share amounts)Three Months EndedMarch 31,20252024% ChangeNet Sales$339$3245%Gross Margin<td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-righ ...

Movado Group Inc. (MOV) Q4 2025 Earnings Conference Call April 16, 2025 09:00 AM ET Company Participants Conference Call Operator - Call OperatorAlison - Investor Relations RepresentativeEphraim Grimberg - Chairman and Chief Executive OfficerSally DeMarcellis - Executive Vice President, Chief Operating Officer and Chief Financial Officer Conference Call Participants Hamed Khorasan - Analyst, BWS Financial Conference Call Operator partner, ICR. Please go ahead. Alison Good morning, everyone. With me on the c ...