Movado rises after Q2 profit jumps
26/08/2026 13:50
BUZZ-Movado rises after Q2 profit jumps ** Shares of US watch and jewelry maker Movado MOV.N rise 4.1% to $36.39 premarket
** Co posts Q2 adj. EPS of 54 cents, up more than fourfold from 13 cents a year ago
** Reports Q2 revenue of $169.8 mln, above previous year's revenue of $161.8 mln
** “This performance reflected broad-based increases across our owned and licensed brands, our direct and wholesale channels, and key geographies led by the U.S. and Europe" - CEO Efraim Grinberg
** MOV says tariff-related refunds of $3.2 mln boosted gross margin and net income
** As of last close, stock up 69.6% YTD
(Reporting by Anand Gopal in Bengaluru)
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