MOVADO GROUP INC Q1 2027: Revenue $142.4M, EPS $0.3— 10-Q Summary

Movado Group Inc reported Q1 2027 revenue of $142.4M, up 8.1% from $131.8M a year ago. Net income rose to $6.93M from $1.42M, with diluted EPS increasing to $0.30 from $0.06. The growth was driven by improved wholesale demand and e-commerce sales, alongside cost-saving measures and expansion of outlet locations.

MOVADO GROUP INC reported first-quarter 2027 results with revenue of $142.4M, up from $131.8M a year earlier, and diluted EPS of $0.3 versus $0.06 in the year‑ago quarter as net income rose to $6.93M from $1.42M.

Financial Highlights

Revenue was $142.4M for Q1 2027, compared with $131.8M in the prior-year quarter; YoY change 8.1%.
Net income was $6.93M attributable to Movado Group, Inc. for Q1 2027, compared with $1.42M in the prior-year quarter; YoY change $5.51M.
Diluted EPS was $0.30 for Q1 2027, compared with $0.06 in the prior-year quarter; YoY change 400%.

Business Highlights

Net sales rose 8.1% YoY to $142.4M, driven by higher volumes and a favorable product mix.
Wholesale demand improved, while e-commerce and outlet sales strengthened, including growth in online outlet activity.
Owned brands grew 7.5% and licensed brands grew 6.5%; owned brands delivered stronger margin performance.
Gross margin expanded roughly 320 basis points from mix and cost leverage, supporting better segment operating results.
Management recorded cost‑savings actions related to workforce and lease measures and continues expansion of outlets to 57 locations.

Original SEC Filing: MOVADO GROUP INC [ MOV ] - 10-Q - May. 27, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

Financial Highlights

Revenue was $142.4M for Q1 2027, compared with $131.8M in the prior-year quarter; YoY change 8.1%.
Net income was $6.93M attributable to Movado Group, Inc. for Q1 2027, compared with $1.42M in the prior-year quarter; YoY change $5.51M.
Diluted EPS was $0.30 for Q1 2027, compared with $0.06 in the prior-year quarter; YoY change 400%.

Business Highlights

Net sales rose 8.1% YoY to $142.4M, driven by higher volumes and a favorable product mix.
Wholesale demand improved, while e-commerce and outlet sales strengthened, including growth in online outlet activity.
Owned brands grew 7.5% and licensed brands grew 6.5%; owned brands delivered stronger margin performance.
Gross margin expanded roughly 320 basis points from mix and cost leverage, supporting better segment operating results.
Management recorded cost‑savings actions related to workforce and lease measures and continues expansion of outlets to 57 locations.

Original SEC Filing: MOVADO GROUP INC [ MOV ] - 10-Q - May. 27, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.