Luxury watchmaker Movado's Q3 sales slightly beat estimates

Movado

25/11/2025 11:57

Overview

Movado fiscal Q3 net sales slightly beat analyst expectations, growing 3.1% yr/yr

Adjusted EPS for fiscal Q3 misses analyst expectations

Company reports doubling of diluted EPS yr/yr despite tariff cost increases

Outlook

Movado is not providing fiscal 2026 guidance due to economic uncertainty and tariff impacts

Movado anticipates growth in sales and profitability from reduced tariffs and innovation

Result Drivers

FASHION WATCH DEMAND - Increased interest among younger consumers in fashion watches drove sales, especially in Europe and the U.S.

GROSS MARGIN EXPANSION - Gross margin expanded due to favorable channel and product mix changes, despite increased U.S. tariffs

OPERATING EXPENSES - Lower marketing expenses contributed to a decrease in operating expenses, aiding operating income growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$186.13 mln
$185.89 mln (1 Analyst)
Q3 Adjusted EPS
Miss
$0.45
$0.57 (1 Analyst)
Q3 Net Income
$9.66 mln
Q3 Gross Profit
$101.06 mln
Q3 Operating Income
$11.73 mln
Q3 Pretax Profit
$12.94 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the apparel & accessories peer group is "buy"

Wall Street's median 12-month price target for Movado Group Inc is $31.50, about 38.3% above its November 24 closing price of $19.45

Press Release: ID:nBw8TzG91a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)