Movado Q1 net sales rise on broad-based growth, raises dividend

Movado

27/05/2026 11:55

Overview
US watch and jewelry maker's fiscal Q1 net sales rose 8% yr/yr
Adjusted EPS for fiscal Q1 rose to $0.32 from $0.08 last year
Company raised quarterly dividend by $0.05 to $0.40 per share

Outlook
Movado did not provide fiscal 2027 outlook due to economic and geopolitical uncertainty
Company expects net sales growth to moderate in the second qtr

Result Drivers
BROAD-BASED SALES GROWTH - Co said net sales increased across owned and licensed brands and company stores
STRONG U.S. AND EUROPE - U.S. and Europe sales gains more than offset declines in the Middle East due to conflict
GROSS MARGIN EXPANSION - Gross margin rose due to favorable channel and product mix and better cost leverage over higher sales

Company press release: ID:nBw6K3ZP2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$142.40 mln
$135.12 mln (2 Analysts)
Q1 Adjusted EPS
Beat
$0.32
$0.05 (2 Analysts)
Q1 Net Income
 
$6.93 mln
 
Q1 Gross Profit
 
$81.59 mln
 
Q1 Operating Income
 
$7.02 mln
 
Q1 Pretax Profit
 
$8.87 mln

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(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.)