Movado Group posts 50% operating income surge as Q4 sales reach $192M

Movado Group (NYSE:MOV) today announced its financial results for the fourth quarter and full fiscal year ended January 31, 2026, highlighting a period of robust operational leverage and steady top-line growth.

The company reported fourth-quarter net sales of $191.6 million, representing a 5.6% increase compared to the $181.5 million recorded in the prior-year period.

This growth reflects the continued strength of Movado’s diversified brand portfolio, which includes owned brands like Movado and Concord, alongside high-profile licensed brands such as Coach, Tommy Hilfiger, and Hugo Boss.

Profitability metrics saw a dramatic year-over-year improvement during the quarter.

Operating income climbed to $13.8 million, a nearly 50% increase from the $9.2 million reported in the fourth quarter of fiscal 2025.

On an adjusted basis, operating income reached $14.4 million, up 6.2%.

Elsewhere, the company maintained a stable margin profile, with gross margin coming in at 54.1%—virtually unchanged from 54.2% a year ago—despite a volatile global supply chain and shifting promotional environments in the retail sector.

Meanwhile, the company’s bottom line significantly outpaced sales growth, driven by effective cost management and higher-margin product mixes.

Diluted earnings per share (EPS) for the fourth quarter rose 52.8% to $0.55, compared to $0.36 in the prior-year period.

Adjusted diluted EPS also saw a healthy double-digit increase of 11.8%, reaching $0.57.