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Movado Group Inc   (MOV)
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Movado Group Inc 's

Competitiveness


 

MOV Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Movado Group Inc reported Revenue decrease in the 3 quarter 2023 year on year by -11.39 %, despite the revenue increase by the most of its competitors of 4.72 %, recorded in the same quarter.

List of MOV Competitors

With a net margin of 9.43 % Movado Group Inc achieved higher profitability than its competitors.

More on MOV Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Movado Group Inc Net Income in the 3 quarter 2023 fell year on year by -41.32%, slower than its competitors' income growth of 6.81 %

<<  MOV Stock Performance Comparisons


Movado Group Inc 's Comment on Competitors and Industry Peers


The markets for each of the Company’s watch brands are highly competitive. With the exception of Swatch Group, Ltd., a large Swiss-based competitor, no single company competes with the Company across all of its brands. Certain companies, however, compete with Movado Group with respect to one or more of its watch brands. Certain of these companies have, and other companies that may enter the Company’s markets in the future may have, greater financial, distribution, marketing and advertising resources than the Company. The Company’s future success will depend, to a significant degree, upon its continued ability to compete effectively with regard to, among other things, the style, quality, price, advertising, marketing, distribution and availability of supply of the Company’s watches and other products.



  

Overall company Market Share Q3 2023

Overall company, revenue fell by -11.39 % and company lost market share, to approximately 3.43 %.




<<  More on MOV Market Share.
 
*Market share is calculated based on total revenue.





Who are Movado Group Inc 's Competitors?




Fossil Group inc
Share Performance



-43.42%
This Year



Fossil Group inc
Profile

Fossil Group Inc operates as a design, marketing, and distribution company for consumer fashion accessories. It partners with various brands to create and sell a wide range of watches, jewelry, and other lifestyle products through its extensive global network of retail locations and online channels.

More about Fossil Group inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 44.739 mill. $ 1,411.581 mill. $ -156.659 mill.


Ross Stores Inc
Share Performance



-1.49%
Over The Past 5 Days



Ross Stores Inc
Profile

Ross Stores Inc operates as an off-price retailer, offering a wide range of discounted brand-name and designer merchandise. Their business model focuses on purchasing excess inventory from manufacturers and department stores at a discounted price, and then selling these products to customers at a significant markdown. By constantly seeking deals and maintaining low operating costs, Ross Stores Inc aims to provide customers with value-oriented shopping experiences.

More about Ross Stores Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 48,525.825 mill. $ 19,545.952 mill. $ 1,711.880 mill.



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