Movado Posts 3% Revenue Rise in Q2

Movado Group (NYSE:MOV), a watch and jewelry company known for its broad portfolio of owned and licensed brands, reported results for its fiscal second quarter ended July 31, 2025, on August 28, 2025. The company posted revenue (GAAP) of $161.8 million, up 3.1% from the previous year’s period. This growth stemmed from stronger international and licensed brand sales, even as U.S. business softened. Operating income (GAAP) jumped to $4.0 million from $2.6 million last year, while adjusted (Non-GAAP) earnings per share stood at $0.23. GAAP diluted EPS was $0.13, slightly below last year’s $0.15. Gross margin slipped to 54.1% from 54.3% last year, mainly due to tariffs and currency fluctuations. Movado continued its quarterly dividend of $0.35 per share, which remains above the current GAAP EPS of $0.13. The quarter showed modest improvement in several areas, although some headwinds and uncertainties persist, particularly in U.S. retail performance and margin pressure.Movado Group develops and sells watches and jewelry across luxury, accessible luxury, and moderate fashion price points. Its owned brands include Movado, Concord, and EBEL, while it also sells licensed lines such as Coach, Tommy Hilfiger, and Hugo Boss. The company serves department stores, independent jewelers, and retail outlets in countries around the world, with additional reach through its e-commerce shops like movado.com and mvmt.com.The company’s results hinge on its ability to manage a diverse brand portfolio and adapt to consumer preferences across regions and segments. Recent strategies have emphasized growing its international footprint, expanding direct-to-consumer digital channels, and investing in product innovation—especially women’s watches and men’s jewelry. Managing inventory, maximizing distribution, and staying current in digital marketing are also critical to success.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool