Movado records strong revenue performance with $169.8M in sales

• Movado Group (NYSE:MOV) reported fiscal Q2 2027 net sales of $169.8 million, up from $161.8 million a year earlier.
• The company posted operating income of $14.9 million and diluted EPS of $0.53, compared with $4.0 million and $0.13 respectively in the prior-year quarter.
• Movado ended the quarter with $211.6 million in cash and no debt.

Movado Group (NYSE:MOV) reported fiscal second-quarter 2027 net sales of $169.8 million, compared with $161.8 million in the same quarter of fiscal 2026, while operating income increased to $14.9 million.

The company’s gross margin rose to 59.4% from 54.1% a year earlier, or 57.5% excluding $3.2 million in IEEPA duty refunds, while adjusted operating income increased to $15.1 million from $7 million.

Movado reported diluted earnings per share of $0.53, compared with $0.13 in the prior-year period, and adjusted diluted earnings per share of $0.54 compared with $0.23, while ending the quarter with $211.6 million in cash and no debt.

The company’s results covered the second quarter and six-month periods ended July 31, 2026, with improved operating income and profitability compared with the previous fiscal year period.

Movado Group designs, sources, and distributes watches and related products through its portfolio of owned and licensed brands, operating across retail, wholesale, and digital channels.