Movado

Q2 FY2027 EarningsQ2 FY27 delivered a significant beat across all key financial metrics, with revenue of $169.8M exceeding consensus by 3.38% and Adjusted EPS of $0.54 beating the $0.34 expectation by 58.82%. The performance was bolstered by a $3.2M IEEPA duty refund, which contributed 190 basis points to the gross margin expansion. Management discontinued annual guidance but provided a solid H2 FY27 outlook with mid-single-digit topline growth and gross margins between 55-56%, indicating sustained momentum in fashion watch and jewelry categories.