Timewear company Movado Group Inc (NYSE:MOV) stock gained on Wednesday after the company reported fourth-quarter FY25 revenue growth of 3.3% year-on-year to $181.47 million, missing the analyst consensus estimate of $181.63 million.
The increase in net sales reflected growth in international wholesale channels and online retail. U.S. net sales fell 2.9%, and International net sales increased 8.8%.
Adjusted EPS of $0.51 beat the analyst view of $0.39. This is a 7.27% decrease over earnings of $0.55 per share from the same period last year.
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Gross margin for the quarter expanded 70 basis points to 54.2%, reflecting favorable changes in channel and product mix and the increased leverage of lower fixed costs over higher sales.
Operating margin was 5.1%, and operating income for the quarter fell 14.8% to $9.2 million.
The company held $208.5 million in cash and equivalents as of Jan. 31, 2025. Inventories at the end of fourth-quarter was $156.7 million.
Dividends: The company’s Board of Directors, on Apr. 11, approved a dividend of $0.35 per share payable on May 6, 2025, to shareholders of record on Apr. 22, 2025.
As of year-end, Movado had $50.0 million remaining available under its Dec. 5, 2024 share repurchase program.
“Despite a challenging macroeconomic backdrop, we delivered net sales growth in the fourth quarter and also expanded gross profit margin while increasing marketing spend in support of future growth,” said CEO Efraim Grinberg.
“Given the ongoing uncertainty within the global retail environment, tariffs, and economic unrest that may ensue, we will continue to focus on the areas that we can control.”
Outlook: Given the current economic uncertainty and the unpredictable impact of recent tariff developments on the company’s business, the company has elected not to provide a fiscal 2026 outlook at this time.
Price Action: MOV shares traded higher by 1.95% at $13.33 at last check on Wednesday.
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