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Jan 31, 2022
Movado Q4 2022 Earnings Report
Reported record fourth quarter and fiscal year 2022 results.
Key Takeaways
Movado Group announced exceptional fourth quarter performance, resulting in record annual net sales of $732.4 million and operating profit margin of 16.0%.
Closed out the year with exceptional fourth quarter performance.
Reported record annual net sales of $732.4 million.
Operating profit margin of 16.0%.
Board approved a 40% increase in quarterly dividend to $0.35 per share.
Movado
Movado
Forward Guidance
The Company expects fiscal 2023 net sales to be in a range of approximately $780 million to $800 million, gross profit of approximately 58.0% of net sales, and operating income in a range of $125 million to $130 million.