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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 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

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

BRIEF-Movado Group Says ‍Entered Into An Amended And Restated License Agreement With Ferrari S.P.A.

* MOVADO GROUP SAYS ‍ENTERED INTO AN AMENDED AND RESTATED LICENSE AGREEMENT WITH FERRARI S.P.A. - SEC FILING​