Brief: Movado Group, Inc. Announces Fourth Quarter And Fiscal Year 2023 Results

Movado

23/03/2023 12:45

March 23 (Reuters) - Movado Group Inc  MOV.N :
    * MOVADO GROUP, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS
    * MOVADO GROUP INC - BOARD DECLARES SPECIAL DIVIDEND IN ADDITION TO REGULAR
QUARTERLY DIVIDEND
    * MOVADO GROUP INC - EXPECTS FISCAL 2024 NET SALES TO BE IN A RANGE OF
APPROXIMATELY $725.0 MILLION TO $750.0 MILLION
    * MOVADO GROUP INC SEES 2024 EARNINGS OF $2.70 TO $2.90 PER DILUTED SHARE
    * MOVADO GROUP - FOR FIRST HALF OF FISCAL 2024, EXPECTS SALES TO DECLINE IN
A
RANGE OF 9% TO 12% RELATIVE TO PRIOR-YEAR PERIOD
    * MOVADO GROUP - BOARD APPROVED PAYMENT ON APRIL 19 OF SPECIAL CASH DIVIDEND
OF
$1.00/SHARE & REGULAR QTRLY CASH DIVIDEND OF $0.35 PER SHARE
    * MOVADO GROUP INC - Q4 EPS OF $1.00 AND Q4 ADJUSTED EPS OF $1.03

Source text for Eikon:  ID:nBw9nhLhpa 
Further company coverage:  MOV.N 

 ((Reuters.Briefs@thomsonreuters.com;))