MOVADO GROUP INC
For the period ended Sep 5, 2024. Filed Sep 5, 2024.
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Sep 5, 2024 · Filed Sep 5, 2024
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MOV$31.03-0.5%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| July 31, | July 31, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $159,313 | $160,390 | $295,982 | $305,295 |
| Cost of sales | 72,948 | 71,104 | 134,104 | 134,006 |
| Gross profit | 86,365 | 89,286 | 161,878 | 171,289 |
| Total operating expenses | 83,335 | 79,638 | 155,537 | 150,742 |
| Operating income | 3,030 | 9,648 | 6,341 | 20,547 |
| Non-operating income/(expense): | ||||
| Other income, net | 1,877 | 1,537 | 4,049 | 2,562 |
| Interest expense | (110) | (113) | (228) | (226) |
| Income before income taxes | 4,797 | 11,072 | 10,162 | 22,883 |
| Provision for income taxes | 936 | 2,885 | 3,238 | 5,419 |
| Net income | 3,861 | 8,187 | 6,924 | 17,464 |
| Less: Net income attributable to noncontrolling interests | 140 | 138 | 312 | 287 |
| Net income attributable to Movado Group, Inc. | $3,721 | $8,049 | $6,612 | $17,177 |
| Diluted Income Per Share Information | ||||
| Net income per share attributable to Movado Group, Inc. | $0.16 | $0.36 | $0.29 | $0.76 |
| Weighted diluted average shares outstanding | 22,658 | 22,616 | 22,665 | 22,642 |
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