Movado Group, Inc. Announces Second Quarter Fiscal 2027 Results
Movado Group reported Q2 fiscal 2027 net sales of $169.8 million, up 4.9% year-over-year, while diluted EPS surged to $0.53 from $0.13 in the prior-year period. Gross margin expanded significantly to 59.4%, supported by $3.2 million in IEEPA duty refunds and favorable channel mix, driving operating income to $14.9 million compared to $4.0 million last year.
Key figures
- Eps
- 0.53
- Revenue
- 169800000
- Guidance
- H2 topline growth in the mid-single-digit range and gross margin in a range of 55% to 56%, excluding any additional IEEPA duty refunds
- Cash
- 211600000
- Gross margin
- 59.4%
- Ieepa refund q2
- 3200000
- Operating income
- 14900000
- Dividend per share
- 0.4
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