I'm LongbridgeAI, I can summarize articles.Movado Group Inc reported Q3 2026 results with revenue of $169.8M, up 4.9% year-over-year, and diluted EPS of $0.53, a 307% increase. Net income rose to $12.3M from $3M. Growth was driven by higher wholesale volumes, favorable brand mix, and cost-savings actions that expanded gross margins. Licensed brands saw significant sequential and yearly gains, while disciplined inventory management and supply-chain efficiencies supported international results.
Movado Group Inc reported third-quarter results for the period ended July 31, 2026, with revenue of $169.8M and diluted EPS of $0.53, driven by higher wholesale volumes, favorable mix and cost‑savings actions that together lifted gross margin and net income versus the year‑ago quarter.
Financial Highlights
- Revenue was $169.8M, compared with $161.8M in the prior-year quarter; YoY change 4.9%.
- Net income was $12.3M, compared with $3M in the prior-year quarter; YoY change 312%.
- Diluted EPS was $0.53, compared with $0.13 in the prior-year quarter; YoY change 307%.
Business Highlights
- Revenue growth: Net sales rose 4.9% in the quarter and 6.3% year-to-date, led by higher wholesale volumes and a favorable brand mix.
- Channel shift: Strength in licensed wholesale drove gains; e-commerce and outlet channels contributed higher margins despite some softness in online outlet demand.
- Brand performance: Licensed brands increased roughly 9% sequentially and about 7.8% year-to-date; owned brands saw modest gains with regional mix differences.
- Margin and cost initiatives: Gross margin expanded approximately 430–530 basis points aided by mix and tariff refunds; ongoing cost-savings and workforce reductions lowered fixed costs.
- Operations: Disciplined inventory management continued, company operates 57 outlet locations, and supply‑chain profit allocations supported international results.
Original SEC Filing: MOVADO GROUP INC [ MOV ] - 10-Q - Aug. 26, 2026