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Movado Group, Inc. - MOV STOCK NEWS

Welcome to our dedicated page for Movado Group news (Ticker: MOV), a resource for investors and traders seeking the latest updates and insights on Movado Group stock.

Movado Group, Inc. (NYSE: MOV) is a globally renowned company specializing in the design, manufacturing, and distribution of timepieces and accessories. Established as one of the world’s premier watchmakers, Movado Group manages a portfolio of nine distinguished brands: Movado, Ebel, Concord, Coach, Hugo Boss, Juicy Couture, Lacoste, Scuderia Ferrari, Tommy Hilfiger, and Rebecca Minkoff. The company’s commitment to excellence is evident in each of its products, which combine innovative design with superior craftsmanship.

Operating through two main segments, Watch and Accessory Brands and Company Stores, Movado Group offers a diverse range of premium watches and accessories. The Watch and Accessory Brands segment is the primary revenue generator, encompassing the design, production, and distribution of high-quality watches and related goods. Conversely, the Company Stores segment manages retail outlet locations across the United States and Canada, providing direct access to consumers.

Movado Group’s international presence is substantial, with the majority of its revenue stemming from markets outside the United States. This global footprint underscores the brand's widespread appeal and the effectiveness of its distribution strategy.

Recent achievements for Movado Group include the expansion of their licensed brand portfolio and strategic partnerships that enhance their market position. Furthermore, the company consistently innovates, ensuring that their collections remain contemporary while maintaining the timeless elegance that they are known for.

Financially, Movado Group has demonstrated stability and growth, navigating the challenges of the global market with resilience. The company’s strategic focus on expanding its brand portfolio, coupled with its dedication to quality and innovation, positions it as a key player in the luxury watch industry.

For those interested in joining the team, Movado Group offers various career opportunities. More details can be found on their career page.

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Movado Group (NYSE: MOV) has released its 2024 Corporate Responsibility report, highlighting progress in its 'Make Time' initiative. Key achievements include recycling 89 grams of diamonds, 40 kg of precious metals, and 3 tons of stainless steel; removing polybags from 1 million gift boxes; and tracking over 964,000 kg of product materials. The company focused on employee engagement through environmental initiatives, raising $30,000 in employee donations and diverting 3,500+ samples from landfills. Movado also maintained high sourcing standards through Responsible Jewellery Council and Leather Working Group certified suppliers while banning exotic skins in new product development.

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Movado Group (NYSE: MOV) reported Q2 fiscal 2025 results with net sales of $159.3 million, down 0.7% year-over-year. The company achieved operating income of $3.0 million and EPS of $0.16. Movado brand sales increased 1.4%, with Movado.com sales up 21%. However, overall performance was impacted by a challenging consumer spending environment.

The company updated its fiscal 2025 outlook, now expecting net sales of $665.0-$675.0 million, down from previous guidance of $700.0-$710.0 million. Earnings per share are now projected at $0.90-$1.00, reduced from $1.20-$1.30 previously. Movado ended Q2 with $198 million in cash and no debt. The Board declared a quarterly dividend of $0.35 per share.

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Movado (NYSE: MOV), the Swiss watchmaker, has launched its new global campaign 'When I Move You Move' featuring five brand ambassadors: Jessica Alba, Julianne Moore, Ludacris, Christian McCaffrey, and Tyrese Haliburton. The multi-year partnership aims to represent Movado's legacy of innovation, excellence, and iconic design. The campaign, inspired by movement, uses Ludacris' 2003 hit 'Stand Up' and was created in collaboration with Creative Director Robert Lussier and photographers Mert Alas & Marcus Piggott.

Movado's President, Margot Grinberg, stated that the goal is to be disruptive and engage new global audiences. The campaign will be featured across various media platforms throughout the year, showcasing watches that align with each ambassador's unique style.

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Movado Group (NYSE: MOV) has announced its upcoming conference call to discuss second quarter fiscal year 2025 earnings results. The call is scheduled for Thursday, September 5, 2024, at 9:00 a.m. Eastern Time. A press release detailing the results will be issued before the market opens on the same day. The call will be hosted by Efraim Grinberg, Chairman and CEO, and Sallie DeMarsilis, Executive VP, COO, and CFO.

Investors can dial (877) 407-0784 with conference ID 13748504 to participate. The call will also be webcast live at www.movadogroup.com and archived for 90 days. A telephonic replay will be available from 1:00 p.m. ET on September 5 until September 19, 2024, accessible by dialing (844) 512-2921 with pin number 13748504.

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Movado Group, NYSE: MOV, announced its fiscal Q1 2025 results.

Net sales reached $136.7 million, reflecting a 5.7% decline from the prior year. Gross margin decreased to 55.3% from 56.6%, and operating income dropped to $3.3 million from $10.9 million.

EPS fell to $0.13 from $0.40. The company ended the quarter with $225.4 million in cash and no debt. U.S. net sales were down 6.2%, and international net sales decreased by 5.4%.

The board approved a quarterly dividend of $0.35 per share. Movado continues to forecast fiscal 2025 net sales between $700 million and $710 million, with EPS projected between $1.20 and $1.30.

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Movado Group (NYSE: MOV) has announced the date for its first quarter fiscal year 2025 earnings results conference call. The event will be held on May 30, 2024, at 9:00 a.m. ET. A press release with the earnings details will be issued prior to the call. The conference will feature discussions led by Chairman and CEO Efraim Grinberg, and COO/CFO Sallie DeMarsilis. Investors can join the call by dialing (877) 407-0784, using conference ID 13746677, or through a live webcast available at movadogroup.com. A replay of the call will be accessible until June 13, 2024. Movado Group is known for its extensive range of watch brands, including MOVADO, MVMT, and Calvin Klein.

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MVMT, a Movado Group, ramps up its partnership with World Champion Motocross Racer Jett Lawrence, showcasing exclusive content and collaborations. Lawrence, known as the 'Justin Bieber of motocross,' aligns with MVMT's brand ethos of living life on your own terms. The press release highlights Lawrence's achievements and the successful partnership between MVMT and the racer, with more collaborations planned for the future.

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Movado Group, Inc. appoints Debbie Forman-Pavan as President of North America Sales, succeeding Alan Chinich. Forman-Pavan brings extensive experience in luxury accessories and strategic leadership. Movado expresses gratitude to Chinich for his contributions over nineteen years.
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Movado Group, Inc. announces fiscal 2024 net sales of $672.6 million with EPS of $2.06 and adjusted EPS of $2.13. The company declares a quarterly dividend and launches an investment growth strategy. Despite challenges, the company shows progress in evolving its strategy with investments in marketing and product innovation.
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Movado Group, Inc. (MOV) will discuss its fourth quarter and fiscal year 2024 earnings results in a conference call on March 26, 2024. The call will be hosted by top executives and will be available for investors and analysts to participate and listen. Movado Group, Inc. is known for its diverse portfolio of watch brands and retail operations in the US and Canada.
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FAQ

What is the current stock price of Movado Group (MOV)?

The current stock price of Movado Group (MOV) is $18.815 as of November 4, 2024.

What is the market cap of Movado Group (MOV)?

The market cap of Movado Group (MOV) is approximately 418.2M.

What does Movado Group, Inc. do?

Movado Group, Inc. designs, manufactures, and distributes fine watches and accessories globally.

Which brands are part of Movado Group’s portfolio?

Movado Group's portfolio includes Movado, Ebel, Concord, Coach, Hugo Boss, Juicy Couture, Lacoste, Scuderia Ferrari, Tommy Hilfiger, and Rebecca Minkoff.

What are the main business segments of Movado Group?

The main business segments are Watch and Accessory Brands, and Company Stores.

Where does Movado Group generate most of its revenue?

Movado Group derives the majority of its revenue from international markets.

How can I find career opportunities at Movado Group?

You can find career opportunities at Movado Group by visiting their career page at www.movadogroup.com/careers.

What are some recent achievements of Movado Group?

Recent achievements include expanding their licensed brand portfolio and forming strategic partnerships to enhance their market position.

What is the significance of the Watch and Accessory Brands segment?

The Watch and Accessory Brands segment is significant as it generates the maximum revenue for Movado Group through the design, manufacturing, and distribution of high-quality watches and accessories.

Does Movado Group have retail stores?

Yes, Movado Group operates retail outlet locations in the United States and Canada under the Company Stores segment.

How does Movado Group maintain its market position?

Movado Group maintains its market position through innovation, expanding its brand portfolio, and strategic partnerships.

Is Movado Group financially stable?

Yes, Movado Group has demonstrated financial stability and growth, highlighting its resilience in the global market.

Movado Group, Inc.

NYSE:MOV

MOV Rankings

MOV Stock Data

418.21M
15.76M
3.06%
101.2%
3.5%
Luxury Goods
Watches, Clocks, Clockwork Operated Devices/parts
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United States of America
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