Why Movado Stock Got Thrashed on Thursday [Yahoo! Finance]
Movado Group Inc. (MOV)
Last movado group inc. earnings: 3/26 06:45 am
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Source: Yahoo! Finance
On the back of dispiriting quarterly results, investors peeled away from the stock, leaving it nearly 15% down in price at market close. The benchmark S&P 500 index did much better by comparison, "only" shedding 0.3% during the session. Revenue and profitability declines Movado's second quarter of fiscal 2025 saw the watch and fashion conglomerate post net sales of $159.3 million, down slightly from the $160.4 million of the same quarter the previous year. Net income according to GAAP standards fell much more precipitously, to $3.7 million ($0.16 per share) against Q2 2024's more than $8 million. Movado is not a stock closely followed by analysts, so consensus estimates were not available. The company did not meet its own expectations during the period; it quoted CEO Efraim Grinberg as saying that this was "due to the challenging consumer spending environment compounded by increased expenses to support future growth." The company also declared a fresh quarterly dividend. Match
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News
- Movado (MOV) Reports Earnings Tomorrow: What To Expect [Yahoo! Finance]Yahoo! Finance
- Earnings To Watch: Movado Group Inc (MOV) Reports Q3 2025 Result [Yahoo! Finance]Yahoo! Finance
- Movado Group, Inc. Announces Date of Conference Call and Webcast for Third Quarter Fiscal Year 2025 ResultsBusiness Wire
- Movado Group (NYSE:MOV) Is Finding It Tricky To Allocate Its Capital [Yahoo! Finance]Yahoo! Finance
- Movado Group Publishes 2024 Corporate Responsibility ReportBusiness Wire
MOV
Sec Filings
- 11/15/24 - Form 8-K
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- MOV's page on the SEC website