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Movado Group Inc   (MOV)
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Lackluster earnings at the company during the third quarter of 2022 earnings season

company reported third quarter of 2022 operating profit of $38.271 millions

Published 2022-11-23T10:45:59+00:00
Goran Soko / CSIMarket.com Contributer

Cis_di_nola_By_Alcott1953_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common MOV announced disappointing earnings, eps deteriorated by -3.76 % to $1.28 from $1.33 and Revenue decreased by -2.916 % to $211.40 millions in the third quarter of 2022, year on year.

From the preceding financial reporting period, profits grew from $1.05 per share and Revenues improved by 15.641 % from $182.80 millions.


Bottom-line of $30.111 millions in the third quarter of 2022 fell by -5.3 % from $31.795 millions in the corresponding period a year before. Looking further into third quarter of 2022 Movado Group Inc 's profitability, operating margin mitigated to 18.1%, and net margin shrank to 14.24%.
Operating earnings, fell -7.56% to $38.271 millions, squeezing Movado Group Inc 's operating margin to %.

Movado Group Inc is expected to report next financial earnings on March 23, 2023.


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Other MOV's Earnings Reports

Movado Group Inc reported first quarter 2022 earnings

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