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Jan 31, 2023
Movado Q4 2023 Earnings Report
Announced fourth quarter and fiscal year 2023 results with net sales of $194.3 million and EPS of $1.00.
Key Takeaways
Movado Group reported fourth quarter results with net sales of $194.3 million and EPS of $1.00. The company managed its business well throughout the year, driving Movado Group to a record year for net sales and operating income with expansion in gross profit margin, as compared to fiscal 2022.
Fiscal 2023 net sales were $751.9 million.
Fiscal 2023 EPS was $4.12 and adjusted EPS was $4.22.
Fourth quarter net sales were $194.3 million.
Fourth quarter EPS was $1.00 and adjusted EPS was $1.03.
Forward Guidance
The Company expects 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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