Aankondiging • May 20
Movado Group, Inc. to Report Q1, 2027 Results on May 27, 2026 Movado Group, Inc. announced that they will report Q1, 2027 results Pre-Market on May 27, 2026 Aankondiging • May 07
Movado Group, Inc., Annual General Meeting, Jun 17, 2026 Movado Group, Inc., Annual General Meeting, Jun 17, 2026. Buy Or Sell Opportunity • Apr 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to US$29.12. The fair value is estimated to be US$24.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Recent Insider Transactions Derivative • Apr 20
Chairman & CEO exercised options and sold US$825k worth of stock On the 16th of April, Efraim Grinberg exercised 100.00k options at around US$16.87, then sold 81k of the shares acquired at an average of US$27.08 per share and kept the remainder. For the year to January 2020, Efraim's total compensation was 26% salary and 74% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Efraim's direct individual holding has increased from 2.17m shares to 2.43m. Company insiders have collectively sold US$528k more than they bought, via options and on-market transactions in the last 12 months. Aankondiging • Mar 28
Movado Group, Inc. Unveils New Women’s Watch And Jewelry Collections Movado celebrated the launch of its newest women's collections on March 25, at King Restaurant in Soho, honoring the brand's legacy of designing for women since 1881. Editors, tastemakers, and friends of the brand gathered for a seated lunch where the new collections were unveiled alongside original vintage pieces from Movado's archives. The event marked the debut of three new feminine watch collections and the official launch of Curve, Movado's newest jewelry collection. Curve draws inspiration from nature's fluid lines and organic movement, capturing the essence of the brand's name Movado, meaning "always in motion" in Esperanto. The jewelry collection presents an assortment of rings, earrings, bracelets, and necklaces rendered in 18K gold vermeil over a durable 925 sterling-silver base. Designed with continuous, wave-like contours, the pieces create an elegant sense of motion and offer silhouettes designed for effortless stacking and layering. The Museum Bangle, Heritage 1917, and Museum Velura watch collections are inspired by original archival pieces that honor the brand's rich heritage and longtime commitment to designing for women. Upcoming Dividend • Mar 26
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 02 April 2026. Payment date: 16 April 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.8%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.3%). Reported Earnings • Mar 19
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: US$1.17 (up from US$0.82 in FY 2025). Revenue: US$671.3m (up 2.7% from FY 2025). Net income: US$26.6m (up 45% from FY 2025). Profit margin: 4.0% (up from 2.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Luxury industry in the US. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 19
Movado Group, Inc. Declares Cash Dividend, Payable on April 16, 2026 Movado Group, Inc. announced on March 19, 2026, that the Board of Directors approved the payment on April 16, 2026, of a cash dividend in the amount of $0.35 for each share of the Company’s outstanding common stock and class A common stock held by shareholders of record as of the close of business on April 2, 2026. Aankondiging • Mar 12
Movado Group, Inc. to Report Q4, 2026 Results on Mar 19, 2026 Movado Group, Inc. announced that they will report Q4, 2026 results at 9:00 AM, US Eastern Standard Time on Mar 19, 2026 Declared Dividend • Nov 28
Third quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 8th December 2025 Payment date: 22nd December 2025 Dividend yield will be 6.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. EPS is expected to grow by 26% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 26
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: US$0.42 (up from US$0.23 in 3Q 2025). Revenue: US$186.1m (up 1.9% from 3Q 2025). Net income: US$9.58m (up 90% from 3Q 2025). Profit margin: 5.1% (up from 2.8% in 3Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to stay flat during the next 2 years compared to a 5.9% growth forecast for the Luxury industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Aankondiging • Nov 25
Movado Group, Inc. Approves Cash Dividend, Payable on December 22, 2025 Movado Group, Inc. announced that on November 25, 2025, the Board of Directors approved the payment on December 22, 2025 of a cash dividend in the amount of $0.35 for each share of the Company’s outstanding common stock and class A common stock held by shareholders of record as of the close of business on December 8, 2025. Aankondiging • Nov 18
Movado Group, Inc. to Report Q3, 2026 Results on Nov 25, 2025 Movado Group, Inc. announced that they will report Q3, 2026 results Pre-Market on Nov 25, 2025 Declared Dividend • Aug 31
Second quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 8th September 2025 Payment date: 29th September 2025 Dividend yield will be 7.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) nor is it covered by cash flows (188% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. EPS is expected to grow by 64% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 28
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: US$0.13 (down from US$0.17 in 2Q 2025). Revenue: US$161.8m (up 1.6% from 2Q 2025). Net income: US$2.99m (down 20% from 2Q 2025). Profit margin: 1.8% (down from 2.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 58%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 28
Movado Group, Inc. Announces Cash Dividend, Payable on September 22, 2025 Movado Group, Inc. announced that on August 28, 2025, the board of directors declared the payment on September 22, 2025 of a cash dividend in the amount of $0.35 for each share of the Company’s outstanding common stock and class A common stock held by shareholders of record as of the close of business on September 8, 2025. Aankondiging • Aug 21
Movado Group, Inc. to Report Q2, 2026 Results on Aug 28, 2025 Movado Group, Inc. announced that they will report Q2, 2026 results at 9:30 AM, US Eastern Standard Time on Aug 28, 2025 Declared Dividend • Jun 02
First quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 12th June 2025 Payment date: 26th June 2025 Dividend yield will be 8.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (175% earnings payout ratio) nor is it covered by cash flows (dividend approximately 22x free cash flows). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 95% to bring the payout ratio under control, which is more than the 31% EPS growth achieved over the last 5 years. Reported Earnings • May 29
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0.063 (down from US$0.13 in 1Q 2025). Revenue: US$131.8m (down 3.6% from 1Q 2025). Net income: US$1.42m (down 51% from 1Q 2025). Profit margin: 1.1% (down from 2.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 84%. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Aankondiging • May 22
Movado Group, Inc. to Report Q1, 2026 Results on May 29, 2025 Movado Group, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 29, 2025 Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$16.68, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Luxury industry in the US. Total loss to shareholders of 39% over the past three years. Aankondiging • May 08
Movado Group, Inc., Annual General Meeting, Jun 18, 2025 Movado Group, Inc., Annual General Meeting, Jun 18, 2025. Reported Earnings • Apr 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$0.81 (down from US$2.10 in FY 2024). Revenue: US$653.4m (down 2.9% from FY 2024). Net income: US$18.4m (down 61% from FY 2024). Profit margin: 2.8% (down from 6.9% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 10%. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 15
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 22 April 2025. Payment date: 06 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$14.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Luxury industry in the US. Total loss to shareholders of 52% over the past three years. Aankondiging • Jan 17
Movado Partners with Derrick Adams to Unveil New Artist Series Collection Movado Group, Inc. announced its new Artist Series collaboration with Derrick Adams, a multidisciplinary artist, and one of the leading black artists of the 21st century. This collaboration celebrates the Black experience, employing vibrant and joyous colors by pairing iconic design with contemporary cubism. Adams has held several solo exhibitions at institutions across the country, including The Cleveland Museum of Art, The Momentary, Crystal Bridges Museum of American Art, Hudson River Museum, and the Museum of Arts and Design. Movado's Artist Series reflects four decades of collaborations with world renowned artists, including Andy Warhol, James Rosenquist, and Carmen Herrera, to craft curated collections that represent wearable works of art. For this collaboration, Movado will feature a limited-edition collection that pairs Derrick Adams' vibrant pieces and singular style with Movado's iconic Museum Dial- - translating his strong command of texture and passion for color onto each piece. Within the Artist Series, the resulting designs are true collectors items - watches as wearable art and gallery-worthy wall clocks. The exclusive Derrick Adams X Movado limited edition collection includes five watches in the series with 125 pieces of each design including a total of 25 collectors sets. All watches are individually numbered on the caseback. This is the first time Movado and an artist have designed a clock in an Artist Series collaboration. Two of the five watch designs were transformed into a wall clock; 125 of each clock are available for purchase. Five collectors sets and 20 of each of the wall clocks were donated to the Studio Museum of Harlem by Derrick Adams and Movado. Declared Dividend • Dec 08
Third quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 16th December 2024 Payment date: 30th December 2024 Dividend yield will be 6.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio) nor is it covered by cash flows (150% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 45% to bring the payout ratio under control. EPS is expected to grow by 87% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Dec 05
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: US$0.22 (down from US$0.78 in 3Q 2024). Revenue: US$182.7m (down 2.6% from 3Q 2024). Net income: US$5.05m (down 71% from 3Q 2024). Profit margin: 2.8% (down from 9.3% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Luxury industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Aankondiging • Dec 05
Movado Group, Inc. (NYSE:MOV) announces an Equity Buyback for $50 million worth of its shares. Movado Group, Inc. (NYSE:MOV) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its outstanding shares. The program will expire on December 5, 2027, subject to extension or earlier termination by the board of directors. Aankondiging • Nov 26
Movado Group, Inc. to Report Q3, 2025 Results on Dec 05, 2024 Movado Group, Inc. announced that they will report Q3, 2025 results Pre-Market on Dec 05, 2024 Major Estimate Revision • Sep 12
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$701.5m to US$663.3m. EPS estimate also fell from US$1.26 per share to US$0.91 per share. Net income forecast to grow 7.9% next year vs 15% growth forecast for Luxury industry in the US. Consensus price target down from US$41.00 to US$38.00. Share price fell 19% to US$18.32 over the past week. Declared Dividend • Sep 08
Second quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 7.4%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next year, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Sep 06
Price target decreased by 7.3% to US$38.00 Down from US$41.00, the current price target is provided by 1 analyst. New target price is 101% above last closing price of US$18.90. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$0.91 for next year compared to US$2.10 last year. Reported Earnings • Sep 06
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.16 (down from US$0.36 in 2Q 2024). Revenue: US$159.3m (flat on 2Q 2024). Net income: US$3.72m (down 54% from 2Q 2024). Profit margin: 2.3% (down from 5.0% in 2Q 2024). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Luxury industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$19.27, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Luxury industry in the US. Total loss to shareholders of 30% over the past three years. Aankondiging • Aug 29
Movado Group, Inc. to Report Q2, 2025 Results on Sep 05, 2024 Movado Group, Inc. announced that they will report Q2, 2025 results Pre-Market on Sep 05, 2024 Reported Earnings • Jun 04
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: US$0.13 (down from US$0.41 in 1Q 2024). Revenue: US$136.7m (down 5.7% from 1Q 2024). Net income: US$2.89m (down 68% from 1Q 2024). Profit margin: 2.1% (down from 6.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 8.3%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Luxury industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Declared Dividend • Jun 02
Fourth quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 12th June 2024 Payment date: 26th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 25
Movado Group, Inc. to Report Q1, 2025 Results on May 30, 2024 Movado Group, Inc. announced that they will report Q1, 2025 results Pre-Market on May 30, 2024 Aankondiging • May 12
Movado Group, Inc., Annual General Meeting, Jun 20, 2024 Movado Group, Inc., Annual General Meeting, Jun 20, 2024. Aankondiging • Apr 03
Movado Group, Inc. Announces Appointment of Debbie Forman-Pavan as President of North America Sales Movado Group, Inc. announced the appointment of Debbie Forman-Pavan to President of North America Sales. In this role, Ms. Forman-Pavan will be responsible for leading all avenues of sales across North America, while increasing revenue growth, and continuing to support the solid foundation of the business. Ms. Forman-Pavan is assuming this role from Alan Chinich, who has announced his retirement after nineteen years with the Company. Mr. Chinich will remain as an advisor to support the transition until his retirement at the beginning of July. With decades of experience, Ms. Forman-Pavan’s strategic vision and deep understanding of consumer dynamics has helped her successfully optimize distribution channels, forge key partnerships, and grow some of the world’s premier brands across North America. Most recently, Ms. Forman-Pavan served as Chief Commercial Officer for the Fashion and Performance Division at Renfro Brands, where she managed multiple hosiery businesses, including the company’s Ralph Lauren business. Previously, Ms. Forman-Pavan was an Executive Vice President of the Accessories Division for Global Brands Group, where she spearheaded growth and profit for global lifestyle brands including Michael Kors, Calvin Klein, Kate Spade and more. Ms. Forman-Pavan has also held a variety of leadership roles with notable companies including LVMH and Salvatore Ferragamo. Declared Dividend • Mar 28
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 8th April 2024 Payment date: 23rd April 2024 Dividend yield will be 5.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$2.06 (down from US$4.20 in FY 2023). Revenue: US$672.6m (down 11% from FY 2023). Net income: US$46.7m (down 51% from FY 2023). Profit margin: 6.9% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Luxury industry in the US. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Mar 20
Movado Group, Inc. to Report Q4, 2024 Results on Mar 26, 2024 Movado Group, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 26, 2024 Recent Insider Transactions Derivative • Dec 24
Executive VP notifies of intention to sell stock Sallie DeMarsilis intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of December. If the sale is conducted around the recent share price of US$30.59, it would amount to US$1.5m. Since March 2023, Sallie's direct individual holding has decreased from 69.16k shares to 66.60k. Company insiders have collectively sold US$180k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Dec 07
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$690.1m to US$667.8m. EPS estimate also fell from US$2.15 per share to US$1.91 per share. Net income forecast to shrink 20% next year vs 17% growth forecast for Luxury industry in the US . Consensus price target of US$41.00 unchanged from last update. Share price rose 3.3% to US$27.01 over the past week. Upcoming Dividend • Dec 04
Upcoming dividend of US$0.35 per share at 5.4% yield Eligible shareholders must have bought the stock before 11 December 2023. Payment date: 26 December 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (1.6%). New Risk • Dec 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.3% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.3% net profit margin). Aankondiging • Nov 22
Movado Group, Inc. to Report Q3, 2024 Results on Nov 30, 2023 Movado Group, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 30, 2023 Price Target Changed • Nov 05
Price target increased by 7.9% to US$41.00 Up from US$38.00, the current price target is provided by 1 analyst. New target price is 40% above last closing price of US$29.24. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$2.15 for next year compared to US$4.20 last year. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.35 per share at 5.2% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 25
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: US$0.36 (down from US$1.06 in 2Q 2023). Revenue: US$160.4m (down 12% from 2Q 2023). Net income: US$8.05m (down 67% from 2Q 2023). Profit margin: 5.0% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Luxury industry in the US. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 18
Movado Group, Inc. to Report Q2, 2024 Results on Aug 24, 2023 Movado Group, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 24, 2023 Upcoming Dividend • May 30
Upcoming dividend of US$0.35 per share at 5.4% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 5.4%. Within top quartile of American dividend payers (5.2%). Higher than average of industry peers (1.8%). Reported Earnings • May 26
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: US$0.40 (down from US$0.81 in 1Q 2023). Revenue: US$144.9m (down 11% from 1Q 2023). Net income: US$9.13m (down 51% from 1Q 2023). Profit margin: 6.3% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 48%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Luxury industry in the US. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Aankondiging • May 19
Movado Group, Inc. to Report Q1, 2024 Results on May 25, 2023 Movado Group, Inc. announced that they will report Q1, 2024 results Pre-Market on May 25, 2023 Aankondiging • May 12
Movado Group, Inc., Annual General Meeting, Jun 22, 2023 Movado Group, Inc., Annual General Meeting, Jun 22, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider the election of eight directors to serve on the Board of Directors; to consider the ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2024; to consider the approval, on an advisory basis, of the compensation of the Company’s named executive officers, as described in the proxy statement under “Executive Compensation; to consider the selection, on an advisory basis, of the frequency of the advisory shareholder vote on the compensation of the Company’s named executive officers; and to consider the approval of the 1996 Stock Incentive Plan, as amended and restated, effective April 4, 2023. Aankondiging • May 04
Movado Group, Inc. Announces Executive Changes Movado Group, Inc. announced the appointment of Michelle Kennedy to Senior Vice President, Human Resources, effective immediately. In this role, Ms. Kennedy will be responsible for the Company's global human resources strategy and operations; talent management, including recruitment and leadership development; and compensation and benefits. Previously, the position was held by Vivian DElia, who has been with Movado Group for close to 30 years, and will remain with the Company as an advisor to support the transition until her retirement at the beginning of July. Most recently, Ms. Kennedy served as Williams-Sonomas Senior Vice President of HR with a focus on Talent Organizational Development, Internal communications and retail operations and was with the company for 12 years. Previously, Ms. Kennedy spent six years at Ralph Lauren, where she rose to Vice President of Human Resources, followed by six years as Vice President of HR at Christian Dior, where she led all HR functions for the U.S., Canada, Mexico, and South America and supported Christian Diors expansion into the U.K. Its an honor to join Movado Group, a company with iconic, global brands and an incredibly rich history, said Michelle Kennedy. I look forward to working closely with Efraim and the entire Movado Group team as we continue to prioritize talent development and retention while building on our legacy of creating the best brands in the industry. Ms. Kennedy joined the Retail Management Institute Advisory Board in 2023 and was a Committee Member for the Landmark Society of New York, New York for 5 years. Ms. Kennedy earned her B.A. in Political Science and Government from Miami University. Upcoming Dividend • Mar 28
Upcoming dividend of US$1.35 per share at 4.8% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of American dividend payers (4.9%). Higher than average of industry peers (1.7%). 