Loading...
•
Oct 31, 2024
Movado Q3 2025 Earnings Report
Announced third quarter results with net sales of $182.7 million and EPS of $0.22.
Key Takeaways
Movado Group reported third-quarter results with net sales of $182.7 million, operating income of $6.6 million, and EPS of $0.22. The company is revising its fiscal year 2025 outlook to reflect these results and the continuation of a challenging environment. A new share repurchase program of up to $50 million was approved, and a quarterly dividend of $0.35 per share was declared.
Net sales for the third quarter were $182.7 million.
Operating income was $6.6 million, with an adjusted operating income of $9.3 million.
EPS was reported at $0.22, and adjusted EPS was $0.37.
The company approved a new share repurchase program and declared a quarterly dividend of $0.35 per share.
Movado
Movado
Forward Guidance
The company is revising its previously provided outlook to reflect third-quarter results and the expected continuation of a challenging environment, including the impact of retailers continuing to tightly manage inventories in both the U.S. and Europe.
Positive Outlook
- Focus on efficient brand-building initiatives
- Key growth opportunities such as jewelry
- Key growth opportunities such as emerging markets
- More streamlined expense base
- Annualized savings from its cost savings initiative
Challenges Ahead
- Continuation of a challenging environment
- Impact of retailers continuing to tightly manage inventories in both the U.S.
- Impact of retailers continuing to tightly manage inventories in Europe
- Fiscal 2025 outlook excludes $2.7 million of costs related to its cost-savings initiative
- Outlook does not contemplate further deterioration due to the impact of economic uncertainty