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home / news releases / MOV - Movado Non-GAAP EPS of $0.43 beats by $0.17 revenue of $144.9M misses by $3.4M

MOV - Movado Non-GAAP EPS of $0.43 beats by $0.17 revenue of $144.9M misses by $3.4M

Movado Group Inc.

2023-05-25 06:54:57 ET

  • Movado press release ( NYSE: MOV ): Q1 Non-GAAP EPS of $0.43 beats by $0.17 .
  • Revenue of $144.9M (-11.3% Y/Y) misses by $3.4M .
  • Operating Income of $10.9 million; Adjusted Operating Income of $11.6 million.
  • Gross profit was $82.0 million, or 56.6% of net sales, compared to $96.7 million, or 59.2% of net sales in the first quarter of fiscal 2023.
  • The Company continues to expect 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.

For further details see:

Movado Non-GAAP EPS of $0.43 beats by $0.17, revenue of $144.9M misses by $3.4M
Stock Information
Company Name: Movado Group Inc.
Stock Symbol: MOV
Market: NYSE
Website: movadogroup.com
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