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Movado Group (MOV) investor relations material
Movado Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary25 Nov, 2025
Executive summary
Q3 net sales rose 3.1% year-over-year to $186.1 million, with U.S. sales up 6.9% and international sales up 0.6%, driven by licensed brands and direct-to-consumer channels.
Gross margin improved by 80 basis points to 54.3%, reflecting favorable mix and cost leverage despite tariff headwinds.
Net income more than doubled to $9.6 million, with adjusted net income at $10.2 million and diluted EPS at $0.42 (adjusted $0.45).
Operating income nearly doubled to $11.7 million, and adjusted operating income reached $12.6 million.
The company completed a restatement of prior financials due to misconduct in its Dubai branch, impacting historical results in the Middle East, India, and Asia Pacific.
Financial highlights
Q3 net sales: $186.1 million (+3.1% YoY); nine months: $479.7 million (+1.7% YoY).
Q3 gross profit: $101.1 million (54.3% margin); nine months: $260.0 million (54.2% margin).
Q3 net income: $9.6 million; adjusted net income: $10.2 million; nine months: $14.0 million; adjusted nine months: $17.4 million.
Q3 operating income: $11.7 million; adjusted operating income: $12.6 million.
Cash and cash equivalents at quarter-end: $183.9 million; no debt.
Outlook and guidance
No fiscal 2026 outlook provided due to economic uncertainty and unpredictable tariff impacts.
U.S.-Switzerland trade agreement expected to reduce U.S. tariff rate on Swiss watches to 15%, about one-third of the previous rate.
Cost-savings initiatives projected to yield annual savings of $10 million.
Management does not expect new U.S. tax legislation (OBBBA) to have a material impact.
Expecting to return to growth in the Middle East next year.
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Next Movado Group earnings date
Q4 202626 Mar, 2026
Next Movado Group earnings date
Q4 202626 Mar, 2026
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Frequently asked questions
Movado Group Inc designs, manufactures, and distributes watches and jewelry under owned and licensed brands. Its products are sold through department stores, specialty retailers, and company-owned stores worldwide. The company is headquartered in Paramus, New Jersey, and its shares are listed on the NYSE.
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