Movado Group Earnings: Everything You Must Know Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Movado Group Inc. (NYSE:MOV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Movado Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.69% to $0.28 in the quarter versus EPS of $0.26 in the year-earlier quarter.

Revenue: Rose 6.12% to $110 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Movado Group Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $0.

Quoting Management: Efraim Grinberg, Chairman and Chief Executive Officer, stated, “We began the year strong, continuing our positive sales momentum from fiscal 2013 and delivering operating income growth of nearly 18%, validating our ability to leverage our infrastructure as we grow. In April, we introduced our new Ferrari watch collection and our repositioned Coach product line at Baselworld in Switzerland, and expect the enthusiastic response to each of our brands to lead to accelerated sales growth in the second quarter and throughout the year. We continue to see broad based strength across our business, with strong consumer demand and sell-through.”

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business