MOVADO GROUP INC
For the period ended Apr 9, 2025. Filed Apr 11, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Apr 9, 2025 · Filed Apr 11, 2025
Use the contents to explore the available documents and sections.
MOV$31.03-0.5%Stored close · as of Nov 6, 2026
Contents
Statements of Operations
| Fiscal Year Ended January 31, 2024 | Fiscal Year Ended January 31, 2023 | Fiscal Year Ended January 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands, except per share data) | As Previously Reported | Adjustment | As Restated | As Previously Reported | Adjustment | As Restated | As Previously Reported | Adjustment | As Restated |
| Net sales | $672,601 | $(8,212) | $664,389 | $751,898 | $(7,689) | $744,209 | $732,393 | $(2,527) | $729,866 |
| Cost of sales | 302,207 | (1,977) | 300,230 | 318,003 | (2,922) | 315,081 | 313,328 | (960) | 312,368 |
| Gross profit | 370,394 | (6,235) | 364,159 | 433,895 | (4,767) | 429,128 | 419,065 | (1,567) | 417,498 |
| Selling, general and administrative | 315,689 | — | 315,689 | 313,541 | — | 313,541 | 301,574 | — | 301,574 |
| Operating income | 54,705 | (6,235) | 48,470 | 120,354 | (4,767) | 115,587 | 117,491 | (1,567) | 115,924 |
| Non-operating income/(expense): | |||||||||
| Other income, net | 5,994 | — | 5,994 | 2,069 | — | 2,069 | 530 | — | 530 |
| Interest expense | (497) | — | (497) | (518) | — | (518) | (688) | — | (688) |
| Income/(loss) before income taxes | 60,202 | (6,235) | 53,967 | 121,905 | (4,767) | 117,138 | 117,333 | (1,567) | 115,766 |
| Provision/(benefit) for income taxes | 12,661 | (869) | 11,792 | 24,882 | (622) | 24,260 | 24,774 | (170) | 24,604 |
| Net income/(loss) | 47,541 | (5,366) | 42,175 | 97,023 | (4,145) | 92,878 | 92,559 | (1,397) | 91,162 |
| Less: Net income attributable to noncontrolling interest | 830 | — | 830 | 2,495 | — | 2,495 | 960 | — | 960 |
| Net income/(loss) attributable to Movado Group, Inc. | $46,711 | $(5,366) | $41,345 | $94,528 | $(4,145) | $90,383 | $91,599 | $(1,397) | $90,202 |
| Basic income/(loss) per share: | |||||||||
| Weighted basic average shares outstanding | 22,221 | 22,221 | 22,221 | 22,504 | 22,504 | 22,504 | 23,190 | 23,190 | 23,190 |
| Net income/(loss) per share attributable to Movado Group, Inc. | $2.10 | $(0.24) | $1.86 | $4.20 | $(0.18) | $4.02 | $3.95 | $(0.06) | $3.89 |
| Diluted income/(loss) per share: | |||||||||
| Weighted diluted average shares outstanding | 22,641 | 22,641 | 22,641 | 22,955 | 22,955 | 22,955 | 23,679 | 23,679 | 23,679 |
| Net income/(loss) per share attributable to Movado Group, Inc. | $2.06 | $(0.24) | $1.83 | $4.12 | $(0.18) | $3.94 | $3.87 | $(0.06) | $3.81 |
| For the Three Months Ended April 30, 2023 | For the Three Months Ended July 31, 2023 | For the Three Months Ended October 31, 2023 | For the Three Months Ended January 31, 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In thousands, except per share data) | As Previously Reported | Adjustment | As Restated | As Previously Reported | Adjustment | As Restated | As Previously Reported | Adjustment | As Restated | As Previously Reported | Adjustment | As Restated |
| Net sales | $144,905 | $1,639 | $146,544 | $160,390 | $(2,370) | $158,020 | $187,686 | $(3,614) | $184,072 | $179,620 | $(3,867) | $175,753 |
| Cost of sales | 62,902 | 909 | 63,811 | 71,104 | (614) | 70,490 | 85,358 | (1,088) | 84,270 | 82,843 | (1,184) | 81,659 |
| Gross profit | 82,003 | 730 | 82,733 | 89,286 | (1,756) | 87,530 | 102,328 | (2,526) | 99,802 | 96,777 | (2,683) | 94,094 |
| Selling, general and administrative | 71,104 | — | 71,104 | 79,638 | — | 79,638 | 81,636 | — | 81,636 | 83,311 | — | 83,311 |
| Operating income | 10,899 | 730 | 11,629 | 9,648 | (1,756) | 7,892 | 20,692 | (2,526) | 18,166 | 13,466 | (2,683) | 10,783 |
| Non-operating income/(expense): | ||||||||||||
| Other income, net | 1,025 | — | 1,025 | 1,537 | — | 1,537 | 1,632 | — | 1,632 | 1,800 | — | 1,800 |
| Interest expense | (113) | — | (113) | (113) | — | (113) | (135) | — | (135) | (136) | — | (136) |
| Income/(loss) before income taxes | 11,811 | 730 | 12,541 | 11,072 | (1,756) | 9,316 | 22,189 | (2,526) | 19,663 | 15,130 | (2,683) | 12,447 |
| Provision/(benefit) for income taxes | 2,534 | 104 | 2,638 | 2,885 | (245) | 2,640 | 4,519 | (353) | 4,166 | 2,723 | (375) | 2,348 |
| Net income/(loss) | 9,277 | 626 | 9,903 | 8,187 | (1,511) | 6,676 | 17,670 | (2,173) | 15,497 | 12,407 | (2,308) | 10,099 |
| Less: Net income/(loss) attributable to noncontrolling interest | 149 | — | 149 | 138 | — | 138 | 281 | — | 281 | 262 | — | 262 |
| Net income/(loss) attributable to Movado Group, Inc. | $9,128 | $626 | $9,754 | $8,049 | $(1,511) | $6,538 | $17,389 | $(2,173) | $15,216 | $12,145 | $(2,308) | $9,837 |
| Basic income/(loss) per share: | ||||||||||||
| Weighted basic average shares outstanding | 22,226 | 22,226 | 22,226 | 22,231 | 22,231 | 22,231 | 22,209 | 22,209 | 22,209 | 22,218 | 22,218 | 22,218 |
| Net income/(loss) per share attributable to Movado Group, Inc. | $0.41 | $0.03 | $0.44 | $0.36 | $(0.07) | $0.29 | $0.78 | $(0.10) | $0.69 | $0.55 | $(0.10) | $0.44 |
| Diluted income/(loss) per share: | ||||||||||||
| Weighted diluted average shares outstanding | 22,672 | 22,672 | 22,672 | 22,616 | 22,616 | 22,616 | 22,677 | 22,677 | 22,677 | 22,708 | 22,708 | 22,708 |
| Net income/(loss) per share attributable to Movado Group, Inc. | $0.40 | $0.03 | $0.43 | $0.36 | $(0.07) | $0.29 | $0.77 | $(0.10) | $0.67 | $0.53 | $(0.10) | $0.43 |
| For the Three Months Ended April 30, 2024 | For the Three Months Ended July 31, 2024 | For the Three Months Ended October 31, 2024 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands, except per share data) | As Previously Reported | Adjustment | As Restated | As Previously Reported | Adjustment | As Restated | As Previously Reported | Adjustment | As Restated |
| Net sales | $136,669 | $(2,290) | $134,379 | $159,313 | $(2,313) | $157,000 | $182,727 | $(2,203) | $180,524 |
| Cost of sales | 61,156 | 303 | 61,459 | 72,948 | (1,200) | 71,748 | 84,331 | (437) | 83,894 |
| Gross profit | 75,513 | (2,593) | 72,920 | 86,365 | (1,113) | 85,252 | 98,396 | (1,766) | 96,630 |
| Selling, general and administrative | 72,202 | (1,400) | 70,802 | 83,335 | (725) | 82,610 | 91,846 | (1,249) | 90,597 |
| Operating income | 3,311 | (1,193) | 2,118 | 3,030 | (388) | 2,642 | 6,550 | (517) | 6,033 |
| Non-operating income/(expense): | |||||||||
| Other income, net | 2,172 | — | 2,172 | 1,877 | — | 1,877 | 1,522 | — | 1,522 |
| Interest expense | (118) | — | (118) | (110) | — | (110) | (144) | — | (144) |
| Income/(loss) before income taxes | 5,365 | (1,193) | 4,172 | 4,797 | (388) | 4,409 | 7,928 | (517) | 7,411 |
| Provision/(benefit) for income taxes | 2,302 | (269) | 2,033 | 936 | (93) | 843 | 2,495 | (130) | 2,365 |
| Net income/(loss) | 3,063 | (924) | 2,139 | 3,861 | (295) | 3,566 | 5,433 | (387) | 5,046 |
| Less: Net income/(loss) attributable to noncontrolling interest | 172 | (48) | 124 | 140 | (43) | 97 | 383 | (164) | 219 |
| Net income/(loss) attributable to Movado Group, Inc. | $2,891 | $(876) | $2,015 | $3,721 | $(252) | $3,469 | $5,050 | $(223) | $4,827 |
| Basic income/(loss) per share: | |||||||||
| Weighted basic average shares outstanding | 22,253 | 22,253 | 22,253 | 22,303 | 22,303 | 22,303 | 22,283 | 22,283 | 22,283 |
| Net income/(loss) per share attributable to Movado Group, Inc. | $0.13 | $(0.04) | $0.09 | $0.17 | $(0.01) | $0.16 | $0.23 | $(0.01) | $0.22 |
| Diluted income/(loss) per share: | |||||||||
| Weighted diluted average shares outstanding | 22,673 | 22,673 | 22,673 | 22,658 | 22,658 | 22,658 | 22,559 | 22,559 | 22,559 |
| Net income/(loss) per share attributable to Movado Group, Inc. | $0.13 | $(0.04) | $0.09 | $0.16 | $(0.01) | $0.15 | $0.22 | $(0.01) | $0.21 |
| Item 7.01 | Regulation FD Disclosure. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.