Watchmaker Movado's Q4 net sales rise on wholesale strength

Movado

19/03/2026 10:55

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    Overview
  
    * U.S. watch and jewelry maker's fiscal Q4 net sales grew 5.6% yr/yr to $191.6 mln
    * Fiscal Q4 adjusted EPS rose 11.8% yr/yr to $0.57
    * Company repurchased 208,000 shares during fiscal yr; no fiscal 2027 outlook issued

    
    Outlook
  
    * Movado has elected not to provide fiscal 2027 guidance due to economic and geopolitical uncertainty

    
    Result Drivers
  
    * MOVADO BRAND GROWTH - Movado brand saw strong Q4 performance, led by 25% wholesale sales growth, 18% growth at Movado.com, and 9% growth at company stores
    * U.S. SALES OUTPERFORMANCE - U.S. net sales increased 11.2% yr/yr, outpacing international sales, which grew 1.0%
    * GROSS MARGIN DRIVERS - Gross margin benefited from favorable channel and product mix, positive foreign currency impact, and higher sales leverage, partly offset by increased U.S. tariffs

    
Company press release:  ID:nBw3xFwDza 
    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q4 Sales  Beat      $191.58   $182.03
                     mln       mln (2
                               Analysts
                               )
 Q4 Net              $12.79     
 Income              mln       
 Q4 Gross            $103.63    
 Profit              mln       
 Q4                  $13.81     
 Operatin            mln       
 g Income                      
 Q4                  $14.38     
 Pretax              mln       
 Profit                        
    
    Analyst Coverage
  
    * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
    * The average consensus recommendation for the apparel & accessories peer group is "hold."
    * Wall Street's median 12-month price target for Movado Group Inc is $30.75, about 33.4% above its March 18 closing price of $23.05
    * The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

    
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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.)