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Movado Group Inc Issues FY 2014 Guidance; EPS Guidance In Line With Analysts' Estimates

Thursday, 21 Mar 2013 07:00am EDT 

Movado Group Inc announced that for fiscal 2014, it expects net sales to increase approximately 12% to a range of $570 million to $575 million, operating income to increase approximately 20% to $68 million and EBITDA to be approximately $80 million. The Company anticipates net income in fiscal 2014 to increase to approximately $48 million or $1.80 per diluted share, reflecting a 28% anticipated effective tax rate. The Company's guidance also assumes no unusual charges for fiscal 2014. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.83 for fiscal 2014. 

Company Quote

-0.93 -2.69%
4:00pm EDT