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Movado Group Inc (MOV.N)

MOV.N on New York Stock Exchange

38.90USD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Movado Group Says ‍Entered Into An Amended And Restated License Agreement With Ferrari S.P.A.
Wednesday, 29 Nov 2017 04:38pm EST 

Nov 29 (Reuters) - Movado Group Inc ::MOVADO GROUP SAYS ‍ENTERED INTO AN AMENDED AND RESTATED LICENSE AGREEMENT WITH FERRARI S.P.A. - SEC FILING​.MOVADO GROUP INC - TERM HAS BEEN EXTENDED FROM DECEMBER 31, 2017 UNTIL DECEMBER 31, 2022.MOVADO GROUP INC - ROYALTY CALCULATIONS HAVE BEEN REVISED.MOVADO GROUP INC - AMENDED LICENSE AGREEMENT AMENDS AND RESTATES ORIGINAL LICENSE AGREEMENT BETWEEN LICENSOR AND COMPANY DATED MARCH 22, 2012.MOVADO GROUP INC - EXCLUSIVE LICENSE HAS BEEN EXTENDED TO COVER ALL SCUDERIA FERRARI-BRANDED WATCHES WITH A SUGGESTED RETAIL PRICE UP TO EUR2,500.  Full Article

MOVADO GROUP Q3 ADJ EARNINGS PER SHARE $1.04 EXCLUDING ITEMS
Tuesday, 21 Nov 2017 06:45am EST 

Nov 21 (Reuters) - Movado Group Inc ::MOVADO GROUP, INC. ANNOUNCES THIRD QUARTER RESULTS.SEES FY 2018 EARNINGS PER SHARE $1.70 TO $1.75.Q3 ADJUSTED EARNINGS PER SHARE $1.04 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.75.Q3 SALES $190.7 MILLION VERSUS I/B/E/S VIEW $176.4 MILLION.Q3 EARNINGS PER SHARE VIEW $0.85 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 SALES $550 MILLION TO $555 MILLION.MOVADO GROUP INC - ‍ COMPANY HAS DECIDED TO NO LONGER EXHIBIT ITS BRANDS AT ANNUAL BASELWORLD WATCH AND JEWELRY FAIR IN SWITZERLAND​.MOVADO GROUP INC - ‍ PLANS TO REINVEST APPROXIMATE $10 MILLION OF ANNUAL SAVINGS RELATED TO BASELWORLD IN OTHER MARKETING ACTIVITIES.MOVADO GROUP INC - ‍ COMPANY RECORDED A PRE-TAX CHARGE OF $6.3 MILLION IN Q3 OF FISCAL 2018 AS PART OF ITS COST SAVINGS INITIATIVES​.MOVADO GROUP INC - ‍CONTINUES TO EXPECT TO REALIZE APPROXIMATELY $12.0 MILLION OF SAVINGS IN FISCAL 2018 FROM COST SAVINGS​ INITIATIVES.MOVADO GROUP - DOES NOT ANTICIPATE ANY SAVINGS IN OPERATING EXPENSES RELATED TO DECISION TO NOT EXHIBIT AT BASELWORLD WATCH AND JEWELRY FAIR FOR 2018​.  Full Article

Movado Group reports Q2 EPS $0.24
Tuesday, 29 Aug 2017 06:45am EDT 

Aug 29 (Reuters) - Movado Group Inc :Announces second quarter results.Sees FY 2018 earnings per share $1.50 to $1.65.Q2 adjusted earnings per share $0.43 excluding items.Q2 earnings per share $0.24.Sees FY 2018 sales $530 million to $545 million.Q2 sales $128.8 million versus I/B/E/S view $119 million.Q2 earnings per share view $0.23 -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $1.37, revenue view $518.2 million -- Thomson Reuters I/B/E/S.Approved a new share buyback program under which company may purchase up to $50 million of its outstanding common shares.Board of directors cancelled previously authorized $50 million share buyback program which would have expired on September 30, 2017.Share buyback authorization expires on August 29, 2020.  Full Article

Movado Group says acquires Olivia Burton
Wednesday, 5 Jul 2017 06:00am EDT 

July 5 (Reuters) - Movado Group Inc ::Movado Group acquires Olivia Burton.Movado Group acquires Olivia Burton.Deal expected to be immediately accretive to fiscal year 2018.Movado Group funded this transaction with cash held outside U.S..Deal for ‍approximately £60.0 million GBP in cash​.Olivia Burton will continue to operate under Lesa Bennett and Jemma Fennings, its founders, who will report to Grinberg, chairman and CEO.  Full Article

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

BRIEF-Movado Group Announces Q4 Loss Per Share Of $1.47

* MOVADO GROUP, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2018 RESULTS