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Movado Group Inc   (MOV)
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Movado Group Inc

MOV's Financial Statements and Analysis



Movado Group Inc reported in the third quarter of 2024 net earnings per share of $0.77 a decrease by -39.84 % year on year from $1.28 and an improvement of 113.89 % from $0.36 realized in II. Quarter (Jul 31 2023).


third quarter of 2024
Earnings Per Share Revenues
$ 0.77 $  187 Mill
$-0.51     -39.84 % $-24M     -11.39 %



Movado Group Inc 's Revenue fell by -11.39 % in third quarter of 2024 (Oct 31 2023) year on year, to $187 million and advanced by 16.87 % sequentially.


Movado Group Inc is Expected to report next financial results on March 22, 2024.

More on MOV's Income Statement



Movado Group Inc 's net income of $17.670 million in the third quarter of 2024 decreased by -41.32 % from net earnings of $30.111 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 115.83 % from net income of $8.187 million realized in previous quarter.

More on MOV's Growth

Movado Group Inc Inventories
Inventories declined by -20.02 % to $171.97 million from III. Quarter a year ago, sequentially inventories fell by -5.23 %. In Oct 31 2023 company's net cash and cash equivalents decreased by $-18 million, capital expenditures fell by -1.83412.65%, to $-2 millions compare to same quarter a year ago

More on MOV's Cash flow Statement


Movado Group Inc payed out dividend of $2.34 per share in last 52 weeks representing 100.86 % of net earning per share in trailing twelve-month period.

During the same period Movado Group Inc earned $ 3.76 cash per share, on a free-cash flow basis 162.24 % of net earning per share.

Book value fell by -0.46 % sequentially to $22.18 per share.
Tangible Book value fell to $ 21.84 per share from $ 21.91.

Company issued 0.06 million shares or 0.27 % in Oct 31 2023.
Interest Coverage Ratio was 98.89.

More on MOV's Dividends

 Market Capitalization (Millions) 605
 Shares Outstanding (Millions) 23
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 667
 Net Income (TTM) (Millions $) 54
 Cash Flow (TTM) (Millions $) 15
 Capital Exp. (TTM) (Millions $) -9
 Dividend TTM ($) 2.34 $
 Dividend Yield TTM (%) 5.14 %
 Employees (TTM) $ 1,100




Movado Group Inc payed out dividend of $2.34 per share in the last 52 weeks representing 100.86 % of net earning per share in trailing twelve-month period.

During the same period Movado Group Inc had $ 3.76 cash flow per share, on a free-cash flow basis 162.24 % of net earning per share.

Book value fell by -0.46 % sequentially to $22.18 per share.
Tangible Book value fell to $ 21.84 per share from $ 21.91.

Company issued 0.06 million shares or 0.27 % in Oct 31 2023.
Interest Coverage Ratio was 98.89.

More on MOV's Balance Sheets

 Market Capitalization (Millions) 605
 Shares Outstanding (Millions) 23
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 667
 Net Income (TTM) (Millions $) 54
 Cash Flow (TTM) (Millions $) 15
 Capital Exp. (TTM) (Millions $) -9
 Dividend TTM ($) 2.34 $
 Dividend Yield TTM (%) 5.14 %
 Employees (TTM) $ 1,100
   


  News about Movado Group Inc Earnings

Movado Group Inc's EPS Plummets by 39.84% in Q3 2024, Blaming Weak Sales



Movado Group Inc, a renowned luxury watchmaker, recently released its financial results for the third quarter of 2024. Despite experiencing a decline in both revenue and EPS compared to the previous year, the company has shown significant improvements from the preceding quarter. In this article, we will explore the implications of these financial results and analyze how they may impact Movado Group Inc in the future.
Soft Top and Bottom-Line Figures:
During the financial third quarter of 2024, Movado Group Inc reported a drop in EPS of -39.84% and a decline in revenue of -11.386% compared to the same period in the previous year. EPS decreased from $1.28 to $0.77, while revenue amounted to $...

Challenging Times for Movado Group Inc in Q2 of 2024 as Profits Dive by Over 65% and Revenue Takes a Hit

Movado Group Inc Faces Challenges in Q2 of 2024
In the second quarter of 2024, Movado Group Inc experienced a significant decline in earnings per share (EPS) and profits. EPS dove by -65.71% from $1.05 to $0.36 compared to the previous year, while profits fell by -10% from $0.40 per share from the previous quarter. This decline in profitability is concerning for the company.
The revenue of Movado Group Inc also took a hit during this period. It decreased by -12.318% to $160.29 million from $182.80 million in the same quarter the previous year. However, sequentially, there was a slight improvement as revenue advanced by 10.615% from $144.91 million. Despite this modest increase, the overall slump in b...

Movado Group Inc. Experiences Significant Downturn in Q2 2023, Finding Their Top-Line Stumbling Amid Tough Fiscal Conditions

De...


Date modified: 2023-12-01T15:13:34+00:00





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