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Movado Group Inc (MOV.N)

MOV.N on New York Stock Exchange

33.20USD
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Movado Group Q1 Adj Earnings Per Share $0.37 Excluding Items
Wednesday, 30 May 2018 06:45am EDT 

May 30 (Reuters) - Movado Group Inc ::MOVADO GROUP, INC. ANNOUNCES FIRST QUARTER RESULTS.SEES FY 2019 EARNINGS PER SHARE $2.35 TO $2.40.Q1 ADJUSTED EARNINGS PER SHARE $0.37 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.35.Q1 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 SALES $615 MILLION TO $625 MILLION.Q1 SALES $127.1 MILLION VERSUS I/B/E/S VIEW $109.5 MILLION.RAISES FISCAL 2019 OUTLOOK.MOVADO GROUP -FISCAL 2019 OUTLOOK EXCLUDES AMORTIZATION OF ACQUIRED INTANGIBLE ASSETS FOR FISCAL 2019 RELATED TO OLIVIA BURTON BRAND.  Full Article

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