Loading...
•
Jul 31, 2023
Movado Q2 2024 Earnings Report
Reported second quarter results with net sales of $160.4 million and EPS of $0.36.
Key Takeaways
Movado Group reported second quarter net sales of $160.4 million and EPS of $0.36. The company is updating its fiscal year 2024 outlook to reflect the challenging consumer discretionary environment.
Net sales reached $160.4 million.
Operating income was $9.6 million, with an adjusted operating income of $10.3 million.
EPS stood at $0.36, and adjusted EPS was $0.38.
The board declared a quarterly dividend of $0.35 per share.
Movado
Movado
Forward Guidance
The Company is revising its previously provided outlook to reflect the continued expected impact of the challenging consumer discretionary environment on the business.