MOVADO GROUP INC (MOV) Form 10-Q — Aug 26, 2026

$MOVForm 10-QFiled Aug 26, 2026, 9:55 AM ET0001193125-26-366101Original filing

Movado Group's fiscal 2027 second-quarter 10-Q shows net sales of $169.8 million, up 4.9% year over year, with diluted EPS jumping to $0.53 from $0.13 a year ago and operating income more than tripling to $14.9 million. Gross margin expanded roughly 530 basis points to 59.4% on favorable sales mix plus a one-time $3.2 million of IEEPA tariff refunds booked in cost of sales, while the effective tax rate fell to 22.1% from 38.5% on higher foreign tax credit utilization. Licensed brands (Coach, Tommy Hilfiger, Hugo Boss, Lacoste, Calvin Klein) drove a 9.0% sales gain, and a Kate Spade New York license begins spring 2027.

Key figures

Eps: $0.53 diluted Q2 (vs $0.13 prior year); $0.84 six months (vs $0.20)
Revenue: $169.8 million (three months ended July 31, 2026); $312.2 million six months
Net Income: $12.3 million attributable Q2 (vs $3.0 million); $19.2 million six months (vs $4.4 million)
Revenue Yoy: +4.9% Q2; +6.3% six months
Total Assets: $743.3 million
Cash Position: $211.6 million
Shares Outstanding: 22,312,245 total (15,956,643 common + 6,355,602 Class A as of August 21, 2026)
Buybacks h1: $1.5 million (61,000 shares at avg $25.26); $44.6 million remaining under $50 million authorization
Inventories: $196.5 million (up 24% from January 31, 2026; down ~7% YoY)
Gross margin pct: 59.4% Q2, up ~530bps from 54.1%
Outlet locations: 57
Dividends paid h1: $16.6 million ($0.35 + $0.40 per share)
Effective tax rate: 22.1% Q2 vs 38.5% prior year
Ieepa tariffs paid: $10.0 million (Feb 2025-Feb 2026); ~$6.8 million recovery still being pursued
Licensed brands q2: $100.7 million, +9.0% YoY
Operating income q2: $14.9 million vs $4.0 million prior year
Operating cash flow h1: $6.5 million vs -$11.0 million prior year
International sales pct: 57.1% of Q2 net sales
Ieepa refunds recognized: $3.2 million one-time benefit to cost of sales in Q2

Price after filing

1 day: +0.1%7 days: -3.6%30 days: -2.4%

Close on the filing date to close N calendar days later (from $34.97). Historical, not a forecast.

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