Movado Group Q1 Earnings Call Highlights

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MarketBeat

Wed, May 27, 2026 astatine 10:16 AM CDT 7 min read

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Movado Group (NYSE:MOV) reported higher first-quarter fiscal 2027 income and profit, citing stronger request successful the U.S., improving trends successful Europe, direct-to-consumer maturation and retailer replenishment enactment pursuing a better-than-expected 4th quarter.

Chairman and Chief Executive Officer Efraim Grinberg said the watchmaker was “very pleased” with its commencement to the year, adding that first-quarter results showed “meaningful momentum crossed our concern and continued user spot contempt a dynamic outer environment.”

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Net income roseate 8.1% to $142.4 cardinal from $131.8 cardinal a twelvemonth earlier. On a changeless currency basis, income accrued 4.5%. Adjusted operating nett accrued to $7.5 cardinal from $900,000 successful the prior-year quarter, portion adjusted net per diluted stock roseate to $0.32 from $0.08.

Chief Financial Officer Sallie DeMarsilis said the 4th marked Movado’s 4th consecutive 4th of sequential improvements. She said maturation came from the company’s owned brands, licensed brands and institution stores, with “strong wide sales” much than offsetting anemic show successful the Middle East owed to the ongoing conflict.

U.S. Momentum and Direct-to-Consumer Growth Support Results

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By geography, U.S. nett income accrued 8.7% from the prior-year quarter. International nett income roseate 7.6%, oregon 1.6% connected a changeless currency basis.

Grinberg said the Middle East was “extremely challenging” due to the fact that of the ongoing conflict, and that excluding the region, maturation would person been much significant. He pointed to continued U.S. strength, improving trends successful Europe, currency tailwinds and robust maturation successful Movado’s direct-to-consumer business.

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