Movado Group Inc. reported net sales of $186.1 million for the third quarter ended October 31, 2025, representing a 3.1% increase from $180.5 million in the same period last year. Gross margin rose to 54.3%, up from 53.5% in the prior year quarter. Operating income reached $11.7 million, nearly doubling from $6.0 million a year earlier. Adjusted operating income was $12.6 million. The company ended the quarter with $184 million in cash and no debt. Movado's direct-to-consumer channels saw double-digit growth for the Movado brand, while optimization of the wholesale business is expected to result in growth in the fourth quarter. The Board approved a quarterly dividend of $0.35 per share.