Movado touches 3-week high on strong Q4

Movado

24/03/2022 14:10

** Shares in Tommy Hilfiger watch maker  MOV.N  rise as much
as ~14% to three-week peak of $39.5 after co posts higher Q4
revenue, profit
    ** Co's Q4 net sales rose 15.5% to $206 mln from a year ago,
helped by strong demand across its wholesale and
direct-to-consumer channels  urn:newsml:reuters.com:*:nASA035BI
    ** Q4 net income rises to $31.4 mln, or $1.33/share, from
$30.3 mln, or $1.29/share, a year ago  urn:newsml:reuters.com:*:nBw8dCLYsa
    ** MOV expects 2023 net sales to be $780 mln to $800 mln
    ** Stock down ~7% this year, after having gained ~152% in
2021

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))