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Movado Group Inc (MOV.N)

MOV.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Movado Group Announces Third Quarter Results
Tuesday, 4 Dec 2018 06:45am EST 

Dec 4 (Reuters) - Movado Group Inc ::MOVADO GROUP, INC. ANNOUNCES THIRD QUARTER RESULTS.SEES FY 2019 EARNINGS PER SHARE $2.45 TO $2.55.Q3 ADJUSTED EARNINGS PER SHARE $1.18 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $1.14.SEES FY 2019 SALES $660 MILLION TO $675 MILLION.Q3 REVENUE ROSE 9.6 PERCENT TO $208.9 MILLION.REITERATES FISCAL 2019 OUTLOOK.REMAIN ON TRACK TO BEGIN INTEGRATION OF MVMT INTO OPERATING PLATFORM DURING Q2 OF FISCAL 2020.Q3 REVENUE INCREASED 10.0% IN CONSTANT CURRENCY.  Full Article

Movado Group - On Oct 12, Co With Units Entered Into Amended & Restated Credit Agreement
Friday, 12 Oct 2018 05:43pm EDT 

Oct 12 (Reuters) - Movado Group Inc ::MOVADO GROUP - ON OCT 12, CO WITH UNITS ENTERED INTO AMENDED & RESTATED CREDIT AGREEMENT- SEC FILING.MOVADO GROUP - CREDIT AGREEMENT AMENDS AND RESTATES EXISTING CREDIT AGREEMENT DATED JAN 30, 2015.MOVADO GROUP - CREDIT AGREEMENT EXTENDS MATURITY OF $100.0 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY PROVIDED THEREUNDER TO OCT12, 2023.MOVADO GROUP - AS OF OCTOBER 12, 2018, AVAILABILITY UNDER THE FACILITY WAS APPROXIMATELY $99.71 MILLION.  Full Article

Movado Group Inc. Q2 Earnings Per Share $0.39
Wednesday, 29 Aug 2018 06:45am EDT 

Aug 29 (Reuters) - Movado Group Inc ::MOVADO GROUP, INC. ANNOUNCES SECOND QUARTER RESULTS.SEES FY 2019 EARNINGS PER SHARE $2.45 TO $2.55.Q2 ADJUSTED EARNINGS PER SHARE $0.45 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.39.SEES FY 2019 SALES $660 MILLION TO $675 MILLION.Q2 SALES ROSE 11.9 PERCENT TO $144.1 MILLION.  Full Article

Movado Group May Terminate MVMT Deal Not Consummated By Nov. 1
Wednesday, 15 Aug 2018 05:10pm EDT 

Aug 15 (Reuters) - Movado Group Inc ::MOVADO GROUP - SUBJECT TO SOME LIMITATIONS, CO OR SELLERS MAY TERMINATE MVMT DEAL IF IT HAS NOT BEEN CONSUMMATED BY NOV. 1, 2018 - SEC FILING.  Full Article

Movado Group Announces Q4 Loss Per Share Of $1.47
Thursday, 29 Mar 2018 06:45am EDT 

March 29 (Reuters) - Movado Group Inc ::MOVADO GROUP, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2018 RESULTS.SEES FY 2019 EARNINGS PER SHARE $2.15 TO $2.25.Q4 ADJUSTED EARNINGS PER SHARE $0.52 EXCLUDING ITEMS.Q4 LOSS PER SHARE $1.47.SEES FY 2019 SALES $605 MILLION TO $615 MILLION.Q4 EARNINGS PER SHARE VIEW $0.26 -- THOMSON REUTERS I/B/E/S.Q4 SALES $149.2 MILLION VERSUS I/B/E/S VIEW $132.5 MILLION.BOARD APPROVES INCREASE IN QUARTERLY DIVIDEND TO $0.20 PER SHARE.DURING Q4, RECORDED $0.9 MILLION IN PRE-TAX EXPENSES WITH A RELATED TAX BENEFIT OF $0.2 MILLION, OR $0.03 PER DILUTED SHARE.IN Q4 OF FISCAL 2018, COMPANY RECORDED A $45.0 MILLION PROVISIONAL TAX EXPENSE RELATED TO 2017 TAX ACT.  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 Inc reports Q1 loss of $0.18 per share
Thursday, 25 May 2017 06:45am EDT 

May 25 (Reuters) - Movado Group Inc :Announces first quarter results.Sees FY 2018 earnings per share $1.40 to $1.55.Q1 loss per share $0.18.Sees FY 2018 sales $515 million to $530 million.Q1 sales $99.3 million versus I/B/E/S view $100.2 million.Q1 adjusted earnings per share $0.01 excluding items.Q1 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Reiterates fiscal 2018 outlook.Outlook excludes $7.0 million to $10.0 million pre-tax charge related to cost savings initiatives in fiscal 2018.  Full Article