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Apr 30, 2023
Movado Q1 2024 Earnings Report
Reported first quarter fiscal 2024 results with net sales of $144.9 million and EPS of $0.40.
Key Takeaways
Movado Group reported first quarter fiscal 2024 results, with net sales of $144.9 million, operating income of $10.9 million, and EPS of $0.40. The company is facing a challenging macro environment but remains focused on strategic priorities and innovation.
Net sales reached $144.9 million.
Operating income was $10.9 million, with an adjusted operating income of $11.6 million.
EPS stood at $0.40, and adjusted EPS was $0.43.
The Board approved a quarterly dividend of $0.35 per share.
Forward Guidance
The Company continues to expect fiscal 2024 net sales to be in a range of approximately $725.0 million to $750.0 million, gross profit of approximately 56.0% of net sales, and operating income in a range of $80.0 million to $85.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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