Movado | 10-Q: FY2026 Q3 Revenue: USD 186.13 M

Revenue: As of FY2026 Q3, the actual value is USD 186.13 M.

EPS: As of FY2026 Q3, the actual value is USD 0.42.

EBIT: As of FY2026 Q3, the actual value is USD 11.86 M.

Watch and Accessory Brands Segment

• Net Sales: $162.7 million for the three months ended October 31, 2025, an increase of $3.1 million or 1.9% compared to the prior year period.
• Operating Income: $9.2 million for the three months ended October 31, 2025, compared to $4.8 million in the prior year period.
• Gross Profit: $87.2 million for the three months ended October 31, 2025, compared to $84.4 million in the prior year period.

Company Stores Segment

• Net Sales: $23.4 million for the three months ended October 31, 2025, an increase of $2.6 million or 12.2% compared to the prior year period.
• Operating Income: $2.5 million for the three months ended October 31, 2025, compared to $1.3 million in the prior year period.

Cash Flow

• Net Cash Provided by Operating Activities: $1.3 million for the nine months ended October 31, 2025, compared to net cash used in operating activities of $40.6 million for the nine months ended October 31, 2024.
• Cash Used in Investing Activities: $6.3 million for the nine months ended October 31, 2025, compared to $11.9 million for the nine months ended October 31, 2024.
• Cash Used in Financing Activities: $25.4 million for the nine months ended October 31, 2025, compared to $27.0 million for the nine months ended October 31, 2024.

Future Outlook and Strategy

• Cost-Savings Initiative: The Company expects go-forward annual savings from the cost-savings initiatives of approximately $10.0 million.
• Tariffs: The Company expects the tariffs to have a material impact on its U.S. operations even after giving effect to any mitigation efforts, unless these rates are significantly reduced.

Other Metrics

• Income Tax Provision: $3.3 million for the three months ended October 31, 2025, with an effective tax rate of 25.3%.
• Net Income Attributable to Movado Group, Inc.: $9.6 million for the three months ended October 31, 2025, compared to $4.8 million in the prior year period.