08:57 AM EDT, 04/11/2025 (MT Newswires) -- Movado Group ( MOV ) said Friday it restated certain financials after a probe into alleged misconduct within the Dubai branch of its Swiss unit, MGI Luxury Group, related to sales to certain Middle East, India and Asia-Pacific region customers.

The company said in a filing that the restated financials were for the fiscal years ended Jan. 31, 2024, 2023 and 2022, and the interim periods within fiscal years 2025 and 2024.

Movado ( MOV ) also provided preliminary results for fiscal Q4 and fiscal year 2025 ended Jan. 31.

The company said it expects fiscal Q4 net sales of $181.5 million, compared with the restated figure of $175.8 million a year ago. An analyst polled by FactSet expects $181.6 million.

The company expects fiscal year 2025 net sales of $653.4 million, down from the restated figure of $664.4 million a year earlier. An analyst surveyed by FactSet expects $660.3 million.

Movado ( MOV ) also said its board maintained a quarterly dividend of $0.35 per share, payable May 6 to shareholders of record as of April 22.

The company's shares were down 1.6% in premarket activity Friday.