MOVADO GROUP INC
For the period ended Dec 5, 2024. Filed Dec 5, 2024.
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Dec 5, 2024 · Filed Dec 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 · Nine Months Ended | ||||
|---|---|---|---|---|
| October 31, | October 31, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $182,727 | $187,686 | $478,709 | $492,981 |
| Cost of sales | 84,331 | 85,358 | 218,435 | 219,364 |
| Gross profit | 98,396 | 102,328 | 260,274 | 273,617 |
| Total operating expenses | 91,846 | 81,636 | 247,383 | 232,378 |
| Operating income | 6,550 | 20,692 | 12,891 | 41,239 |
| Non-operating income/(expense): | ||||
| Other income, net | 1,522 | 1,632 | 5,571 | 4,194 |
| Interest expense | (144) | (135) | (372) | (361) |
| Income before income taxes | 7,928 | 22,189 | 18,090 | 45,072 |
| Provision for income taxes | 2,495 | 4,519 | 5,733 | 9,938 |
| Net income | 5,433 | 17,670 | 12,357 | 35,134 |
| Less: Net income attributable to noncontrolling interests | 383 | 281 | 695 | 568 |
| Net income attributable to Movado Group, Inc. | $5,050 | $17,389 | $11,662 | $34,566 |
| Diluted Income Per Share Information | ||||
| Net income per share attributable to Movado Group, Inc. | $0.22 | $0.77 | $0.52 | $1.53 |
| Weighted diluted average shares outstanding | 22,559 | 22,677 | 22,627 | 22,641 |
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