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Movado Group Inc (MOV)

MOV on New York Consolidated

24.20USD
28 Mar 2017
Change (% chg)

$0.30 (+1.26%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Movado Group Q4 EPS $0.22
Monday, 20 Mar 2017 07:00am EDT 

Movado Group Inc : Movado group, inc. Announces fourth quarter and fiscal year 2017 results . Sees fy 2018 earnings per share $1.40 to $1.55 . Q4 earnings per share $0.22 . Sees fy 2018 sales $515 million to $530 million . Q4 sales $130.8 million versus i/b/e/s view $137.1 million . Q4 earnings per share view $0.23 -- Thomson Reuters I/B/E/S . Movado Group Inc - company recorded no unusual items during q4 of fiscal 2017 . Movado Group Inc - "looking at fiscal 2018, we anticipate retail environment will remain difficult" . Movado Group Inc - "implementing a number of cost savings initiatives to better align its global infrastructure with current business environment" . Movado Group Inc - company expects to realize approximately $12.0 million of savings in fiscal 2018 . Movado Group Inc - estimates approximately $15.0 million in on-going annual pre-tax savings from cost saving initiatives in fiscal 2018 . Movado Group Inc- expects to record a pre-tax charge in connection with completion of initiatives in a range of about$7-$10 million, predominantly in q1 . Movado Group Inc - "taking a more conservative view for fiscal 2018 compared to fiscal 2017" . Fy2018 earnings per share view $1.74 -- Thomson Reuters I/B/E/S . Movado Group Inc - during q4 of fiscal 2017, company repurchased approximately 20,000 shares under its share repurchase program.  Full Article

Movado Group announces a partnership with Google to launch Movado Connect
Wednesday, 8 Mar 2017 08:00am EST 

Alphabet Inc : Movado Group Inc - Announces a partnership with Google to launch Movado Connect, a smartwatch collection powered by Android Wear 2.0 . Movado Group Inc - Movado Connect is specifically for Android Wear 2.0 and will launch fall of 2017 . Movado Group - Tommy Hilfiger and Hugo Boss, two brands in Movado Group portfolio, are also partnering with Google; collections will launch fall of 2017 .Movado Group Inc - Movado Connect starting price of $495 available in US, Caribbean, Canada and UK.  Full Article

Movado Group Q3 adjusted EPS $0.91 excluding items
Tuesday, 22 Nov 2016 06:47am EST 

Movado Group Inc : Movado Group Inc - maintaining its outlook for fiscal 2017 . FY 2017 earnings per share view $1.46, revenue view $554.7 million -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $1.40 to $1.55 . Q3 sales $179.8 million versus I/B/E/S view $174.3 million . Q3 adjusted earnings per share $0.91 excluding items . Movado Group, Inc. Announces third quarter results . Q3 earnings per share $0.87 . Q3 earnings per share view $0.72 -- Thomson Reuters I/B/E/S .Sees FY 2017 sales $550 million to $560 million.  Full Article

Movado group Q2 EPS $0.27
Thursday, 25 Aug 2016 06:58am EDT 

Movado Group Inc : Movado group, inc. Announces second quarter results . Sees FY 2017 earnings per share $1.40 to $1.55 . Q2 earnings per share $0.27 . Sees FY 2017 sales $550 million to $560 million . Q2 sales $128.1 million versus I/B/E/S view $135.9 million . Q2 earnings per share view $0.31 -- Thomson Reuters I/B/E/S .FY2017 earnings per share view $1.60, revenue view $571.7 million -- Thomson Reuters I/B/E/S.  Full Article

Movado Q1 adj earnings per share $0.19 excluding items
Thursday, 26 May 2016 06:58am EDT 

Movado Group Inc : Updates full year outlook to sales of $565 million to $580 million and operating income of $55 million to $60 million . Anticipates net income in fiscal 2017 to be approximately $36.5 million to $40.0 million, or $1.55 to $1.70 per diluted share . Movado group inc sees full year operating income of $55 million to $60 million . Sets quarterly cash dividend of $0.13per share . "given current retail trends, particularly in fashion watch category in us, we feel it is prudent to lower our annual outlook" . Movado group, inc. Announces first quarter results . Sees fy 2017 earnings per share $1.55 to $1.70 . Q1 earnings per share $0.14 . Sees fy 2017 sales $565 million to $580 million . Q1 sales $114.1 million versus i/b/e/s view $115.6 million . Q1 earnings per share view $0.16 -- Thomson Reuters I/B/E/S .Q1 adjusted earnings per share $0.19 excluding items.  Full Article

Movado Group, Inc. Announces New $50 Million Share Buyback Program and 18% Increase in Quarterly Dividend
Thursday, 31 Mar 2016 06:59am EDT 

Movado Group, Inc:approved a new share buyback program under which Company may purchase up to $50 million of its outstanding common shares from time to time.authorization expires on September 30, 2017, subject to extension or earlier termination by the Board of Directors.Board of Directors also approved an approximately 18% increase in the Company's quarterly cash dividend to $0.13 for each share of the Company's outstanding common stock and class A common stock.This dividend will be paid on April 26, 2016 to all shareholders of record as of the close of business on April 12, 2016.  Full Article

Movado Group Inc gives FY 2017 guidance
Thursday, 31 Mar 2016 06:58am EDT 

Movado Group Inc:Says in FY 2017, co anticipates that net sales will be in a range of $585.0 million to $600.0 million and operating income will be about $65.0 million to $70.0 million.anticipates net income in FY 2017 to be about $43.3 million to $46.7 million, or $1.85 to $2.00 per diluted share.  Full Article

Movado Group Inc Declares Quarterly Dividend
Tuesday, 24 Nov 2015 06:55am EST 

Movado Group Inc:Says on Nov. 24, 2015, the Board of Directors approved payment on Dec. 18, 2015 of a cash dividend in amount of $0.11 for each share of Co's outstanding common stock and class A common stock held by shareholders of record as of close of business on Dec. 4, 2015.  Full Article

Movado Group Inc reaffirms FY 2016 guidance
Thursday, 27 Aug 2015 07:30am EDT 

Movado Group Inc:Says that it expects FY 2016 net sales to be in the range of $590 million to $600 million.Anticipates net income for FY 2016 to be in the range of about $48.5 million to $51.0 million, or $2.00 to $2.10 per diluted share.  Full Article

Movado Group Inc declares quarterly dividend
Thursday, 27 Aug 2015 07:00am EDT 

Movado Group Inc:Approves the payment on Sept. 22 of a cash dividend in the amount of $0.11 for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on Sept. 8.  Full Article

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BRIEF-Movado Group Q4 EPS $0.22

* Movado group, inc. Announces fourth quarter and fiscal year 2017 results