Movado Group Inc is a renowned watchmaker that designs, manufactures, and markets a wide range of timepieces under various brands, including its flagship Movado brand, known for its modern and elegant designs
The company offers a diverse portfolio of luxury, fashion, and accessible watches, catering to different market segments and consumer preferences. In addition to its iconic watches, Movado Group also holds licensing agreements for producing timepieces under notable brands, expanding its product offerings across various styles and price points. With a commitment to craftsmanship and innovation, Movado Group aims to create timeless pieces that resonate with watch enthusiasts and collectors around the world.
Consumer discretionary businesses are levered to the highs and lows of economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months,
the industry has stayed on track as its 6.3% return was close to the S&P 500’s.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Movado (NYSEMOV) and its peers.
Movado Group, Inc. (NYSEMOV) today announced that the Company will participate in a fireside chat presentation and host investor meetings at ICR Conference 2025 being held January 13th through January 15th, 2025 at the Grande Lakes Orlando in Orlando, Florida. The fireside chat presentation will be held on Tuesday, January 14th, 2025 at 2:00pm Eastern Time. Efraim Grinberg, Chairman and Chief Executive Officer, will host the fireside chat presentation. Sallie DeMarsilis, Executive Vice President, Chief Operating Officer and Chief Financial Officer, will join Mr. Grinberg for investor meetings held during the conference.
Movado’s stock price has taken a beating over the past six months, shedding 20.4% of its value and falling to $20.03 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Ralph Lauren (NYSERL) and its peers.
Luxury watch company Movado (NYSEMOV) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 2.6% year on year to $182.7 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $665 million at the midpoint. Its GAAP profit of $0.22 per share was 31.3% below analysts’ consensus estimates.
Movado Group, Inc. (NYSEMOV) invites investors to listen to a broadcast of the Company's conference call to discuss third quarter fiscal year 2025 earnings results on Thursday, December 5, 2024 at 9:00 a.m. Eastern Time. A press release detailing the Company’s third quarter fiscal year 2025 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeMarsilis, Executive Vice President, Chief Operating Officer and Chief Financial Officer.
MOVADO (NYSEMOV) is proud to announce its new roster of brand ambassadors starring in “When I Move You Move,” the brand’s new global campaign featuring legendary and emerging icons in acting, music, sports, and business. The campaign includes renowned actress and entrepreneur Jessica Alba, legendary Academy Award winning actress Julianne Moore, iconic Grammy Award winning rapper, actor and entrepreneur Ludacris, Pro Bowl and All-Pro running back Christian McCaffrey, and All-Star point guard and 2024 Team USA Summer Olympics team member and gold medalist, Tyrese Haliburton.
Movado Group, Inc. (NYSEMOV) invites investors to listen to a broadcast of the Company's conference call to discuss second quarter fiscal year 2025 earnings results on Thursday, September 5, 2024 at 9:00 a.m. Eastern Time. A press release detailing the Company’s second quarter fiscal year 2025 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeMarsilis, Executive Vice President, Chief Operating Officer and Chief Financial Officer.
Movado Group, Inc. (NYSEMOV) invites investors to listen to a broadcast of the Company's conference call to discuss first quarter fiscal year 2025 earnings results on Thursday, May 30, 2024 at 9:00 a.m. Eastern Time. A press release detailing the Company’s first quarter fiscal year 2025 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeMarsilis, Executive Vice President, Chief Operating Officer and Chief Financial Officer.
MVMT, the Venice Beach watch brand owned by Movado Group, Inc. (NYSEMOV) who just celebrated their ten year anniversary of modern, unexpected watchmaking, is going full speed ahead with its partnership with World Champion Motocross Racer, Jett Lawrence.
