Overview
Movado fiscal Q3 net sales slightly beat analyst expectations, growing 3.1% yr/yr
Adjusted EPS for fiscal Q3 misses analyst expectations
Company reports doubling of diluted EPS yr/yr despite tariff cost increases
Outlook
Movado is not providing fiscal 2026 guidance due to economic uncertainty and tariff impacts
Movado anticipates growth in sales and profitability from reduced tariffs and innovation
Result Drivers
FASHION WATCH DEMAND - Increased interest among younger consumers in fashion watches drove sales, especially in Europe and the U.S.
GROSS MARGIN EXPANSION - Gross margin expanded due to favorable channel and product mix changes, despite increased U.S. tariffs
OPERATING EXPENSES - Lower marketing expenses contributed to a decrease in operating expenses, aiding operating income growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Beat* | $186.13 mln | $185.89 mln (1 Analyst) |
Q3 Adjusted EPS | Miss | $0.45 | $0.57 (1 Analyst) |
Q3 Net Income | $9.66 mln | ||
Q3 Gross Profit | $101.06 mln | ||
Q3 Operating Income | $11.73 mln | ||
Q3 Pretax Profit | $12.94 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the apparel & accessories peer group is "buy"
Wall Street's median 12-month price target for Movado Group Inc is $31.50, about 38.3% above its November 24 closing price of $19.45
Press Release: ID:nBw8TzG91a
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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.)