Movado Q4 2024 Earnings Report
Key Takeaways
Movado Group reported strong Q4 2024 results, with revenue and diluted earnings per share at the high end and above the revised outlook, respectively. The company's holiday marketing initiatives and new product introductions in watches and jewelry were well-received, despite a challenging retail environment in the U.S. and Europe. The company is focused on making investments necessary to grow its business and build its brands for the long-term.
Fiscal 2024 net sales reached $672.6 million.
Fiscal 2024 EPS was $2.06, and adjusted EPS was $2.13.
Fourth quarter net sales amounted to $179.6 million.
Fourth quarter EPS was $0.53, and adjusted EPS was $0.55.
Movado
Movado
Movado Revenue by Geographic Location
Forward Guidance
The Company expects fiscal 2025 net sales to be in a range of approximately $700 million to $710 million, gross profit of approximately 55% of net sales, and operating income in a range of approximately $32 million to $35 million. Assuming no changes to current tax regulations, the Company anticipates an effective tax rate of approximately 22% for the fiscal year and earnings in a range of approximately $1.20 to $1.30 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income