Overview

* Movado ( MOV ) fiscal Q2 net sales rise 3.1% to $161.8 mln, beating expectations

* Adjusted EPS for fiscal Q2 at $0.23, reflecting improved operational efficiency

* International markets drive performance, while U.S. sales decline 1.6%

Outlook

* Company not providing fiscal 2026 guidance due to economic uncertainty and tariff impacts

* Company to continue introducing new watch and jewelry offerings globally

* Movado ( MOV ) confident in long-term profitable growth strategy

Result Drivers

* INTERNATIONAL STRENGTH - International markets led performance with a 6.9% sales increase, driven by licensed brands and Company Stores

* TARIFF IMPACT - Gross margin slightly decreased due to increased U.S. tariffs and foreign exchange rate fluctuations

* DIGITAL GROWTH - Growth in global digital business contributed to sales performance, particularly in women's watch collections and men's jewelry

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $161.83 $156.80

mln mln (1

Analyst)

Q2 Net $3.14

Income mln

Q2 Gross $87.56

Profit mln

Q2 $4.01

Operatin mln

g Income

Q2 $5.10

Pretax mln

Profit

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the apparel & accessories peer group is "hold."

* Wall Street's median 12-month price target for Movado Group Inc ( MOV ) is $31.50, about 44.4% above its August 27 closing price of $17.52

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)