Fiscal Year 2026 Highlights - Movado Group, Inc. reported net sales of $671.3 million for fiscal year 2026, representing a 2.7% increase compared to $653.4 million in fiscal year 2025 [2][7] - The company achieved an operating income of $29.8 million, a 49.0% increase from $20.0 million in fiscal year 2025, and an adjusted operating income of $34.8 million, up 28.7% from $27.1 million [2][7] - Net income for fiscal year 2026 was $26.6 million, or $1.17 per diluted share, compared to $18.4 million, or $0.81 per diluted share, in fiscal year 2025 [6][7] - The company ended fiscal year 2026 with $230.5 million in cash and no debt [2][8] Fourth Quarter Highlights - In the fourth quarter, net sales reached $191.6 million, a 5.6% increase from $181.5 million in the fourth quarter of fiscal 2025 [4][9] - The diluted earnings per share for the fourth quarter were $0.55, a 52.8% increase from $0.36 in the prior-year period, while adjusted diluted earnings per share were $0.57, up 11.8% from $0.51 [4][6] - Operating income for the fourth quarter was $13.8 million, a 49.7% increase from $9.2 million in the fourth quarter of fiscal 2025, with adjusted operating income at $14.4 million, up 6.2% from $13.5 million [4][6] Sales Performance - The Movado brand experienced significant growth, with wholesale sales increasing by 25%, Movado.com sales up 18%, and Movado Company Stores sales growing by 9% in the fourth quarter [1][2] - U.S. net sales increased by 11.2% compared to the fourth quarter of last year, while international net sales rose by 1.0%, although they decreased by 5.9% on a constant-dollar basis [9][10] Cash Flow and Dividends - The company generated $57.9 million in net cash from operating activities during fiscal 2026 [1][2] - The Board of Directors declared a quarterly dividend of $0.35 per share, payable on April 16, 2026 [8][9] Strategic Outlook - The company remains optimistic about its ability to navigate a dynamic environment, despite geopolitical volatility and uncertain tariff and trade policies [1][2] - Management believes that the execution of its strategy will lead to long-term sustainable growth and increased shareholder value [3][4]

Core Viewpoint - Movado Group, Inc. has announced the date for its conference call to discuss the fourth quarter and fiscal year 2026 earnings results, scheduled for March 19, 2026, at 9:00 a.m. Eastern Time [1] Group 1: Conference Call Details - The conference call will be hosted by Efraim Grinberg, Chairman and CEO, and Sallie DeMarsilis, Executive Vice President and CFO [1] - A press release detailing the fourth quarter and fiscal year 2026 results will be issued before the market opens on the same day [1] - Investors can participate by dialing (877) 407-0784 and referencing conference ID number 13759143 [1] Group 2: Webcast Information - The conference call will also be available via live webcast at www.movadogroup.com [1] - The webcast will be archived online within one hour of the call and will remain available for 90 days [1] - A telephonic replay of the call will be available starting at 1:00 p.m. ET on March 19, 2026, until 11:59 p.m. ET on April 2, 2026 [1] Group 3: Company Overview - Movado Group, Inc. designs, sources, and globally distributes and sells various watch brands including MOVADO®, MVMT®, OLIVIA BURTON®, and others, along with jewelry and accessories [1] - The company operates Movado Company Stores in the United States and Canada [1]

Group 1 - Movado Group, Inc. will participate in the ICR Conference 2026, scheduled from January 12th to January 14th, 2026, in Orlando, Florida [1] - Efraim Grinberg, Chairman and CEO, along with Sallie DeMarsilis, Executive Vice President and CFO, will engage in a fireside chat presentation on January 13th, 2026, at 1:30 PM Eastern Time [1] Group 2 - Movado Group, Inc. designs, sources, and globally distributes a variety of watch brands including MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, CALVIN KLEIN®, COACH®, TOMMY HILFIGER®, HUGO BOSS®, and LACOSTE® [2] - The company also operates Movado Company Stores in the United States and Canada, and sells jewelry and other accessories to a lesser extent [2]