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Movado Group Inc Raises FY 2014 Guidance


Tuesday, 27 Aug 2013 07:00am EDT 

Movado Group Inc announced that for fiscal 2014, it expects net sales to increase approximately 13% to a range of $575 million to $580 million, operating income to increase over 20% to $70 million and EBITDA will be approximately $81.5 million. The Company anticipates net income in fiscal 2014 to increase to approximately $49 million or $1.90 per diluted share, reflecting a 28% anticipated effective tax rate. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $571 million, net income of $48 million and EPS of $1.80 for fiscal 2014. 

Company Quote

34.1
0.41 +1.22%
23 Oct 2014