Movado Group Inc's Suppliers Performance
MOV's Supply Chain
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MOV Costs vs Sales of Suppliers Growth |
Movado Group Inc's Suppliers recorded an increase in sales by 7 % year on year in Q3 2023, from the previous quarter, sales fell by -0.89 %, Movado Group Inc's cost of sales deteriorated by -5.94 % year on year, sequentially cost of sales grew by 19.72 % in Q3.
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Movado Group Inc's Suppliers recorded an increase in sales by 7 % year on year in Q3 2023, from the previous quarter, sales fell by -0.89 %, Movado Group Inc's cost of sales deteriorated by -5.94 % year on year, sequentially cost of sales grew by 19.72 % in Q3.
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News about Movado Group Inc Contracts |
Movado Group Inc's Comment on Supply Chain
The Company does not manufacture any of the products it sells. The Company
employs a flexible manufacturing model that relies on independent manufacturers
to meet shifts in marketplace demand and changes in consumer preferences. All
product sources must achieve and maintain the Company’s high quality standards
and specifications. With strong supply chain organizations in Switzerland, China
and Hong Kong, the Company maintains control over the quality of its products,
wherever they are manufactured. Compliance is monitored with strictly enforced
quality control standards, including on-site quality inspections.
A majority of the Swiss watch movements used in the manufacture of Movado, Ebel
and Concord watches are purchased from two suppliers. The Company obtains other
watch components for all of its brands, including movements, cases, hands, dials,
bracelets and straps from a number of other suppliers. The Company does not
have long-term supply commitments with any of its component parts suppliers.
Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured
in Switzerland by independent third party assemblers. All Movado (with the exception
of Movado BOLD), Ebel and Concord watches are manufactured using Swiss movements.
Movado smart watches include connected technology developed by Fullpower Technologies,
Inc. or HP Inc. All of the Company’s products are manufactured using components
obtained from third party suppliers. A majority of Movado BOLD watches are manufactured
by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger,
HUGO BOSS, Juicy Couture, Scuderia Ferrari and Lacoste watches are manufactured
by independent contractors in Asia.
Movado Group Inc's Comment on Supply Chain
The Company does not manufacture any of the products it sells. The Company
employs a flexible manufacturing model that relies on independent manufacturers
to meet shifts in marketplace demand and changes in consumer preferences. All
product sources must achieve and maintain the Company’s high quality standards
and specifications. With strong supply chain organizations in Switzerland, China
and Hong Kong, the Company maintains control over the quality of its products,
wherever they are manufactured. Compliance is monitored with strictly enforced
quality control standards, including on-site quality inspections.
A majority of the Swiss watch movements used in the manufacture of Movado, Ebel
and Concord watches are purchased from two suppliers. The Company obtains other
watch components for all of its brands, including movements, cases, hands, dials,
bracelets and straps from a number of other suppliers. The Company does not
have long-term supply commitments with any of its component parts suppliers.
Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured
in Switzerland by independent third party assemblers. All Movado (with the exception
of Movado BOLD), Ebel and Concord watches are manufactured using Swiss movements.
Movado smart watches include connected technology developed by Fullpower Technologies,
Inc. or HP Inc. All of the Company’s products are manufactured using components
obtained from third party suppliers. A majority of Movado BOLD watches are manufactured
by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger,
HUGO BOSS, Juicy Couture, Scuderia Ferrari and Lacoste watches are manufactured
by independent contractors in Asia.
MOV's Suppliers Net Income grew by |
MOV's Suppliers Net margin grew in Q3 to |
30.81 % |
12.82 % |
MOV's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Movado Group Inc |
604.57 |
667.29 |
53.99 |
1,100 |
Apogee Enterprises Inc |
1,261.57 |
1,398.49 |
104.10 |
4,614 |
Ashland Inc |
5,129.73 |
2,191.00 |
178.00 |
11,000 |
Atlas Lithium Corporation |
118.71 |
0.01 |
-17.67 |
0 |
Golden Minerals Co |
2.64 |
16.29 |
-12.01 |
160 |
Augusta Gold Corp |
29.16 |
0.00 |
-1.87 |
1 |
Coeur Mining Inc |
1,125.92 |
821.21 |
-103.61 |
2,087 |
Contango Ore Inc |
213.39 |
0.00 |
-45.80 |
3 |
Dynaresource Inc |
45.12 |
40.13 |
-3.83 |
99 |
Yinfu Gold Corporation |
130.52 |
0.00 |
-0.07 |
4 |
Freeport mcmoran Inc |
64,218.00 |
22,855.00 |
3,751.00 |
24,700 |
Golden Star Resource Corp |
4.32 |
0.00 |
-0.06 |
0 |
Gold Resource Corporation |
33.98 |
108.00 |
-16.24 |
13 |
Hecla Mining Company |
2,650.43 |
753.46 |
-45.73 |
0 |
Inception Mining Inc |
0.17 |
4.09 |
1.68 |
95 |
Corvus Gold Inc |
407.68 |
0.00 |
-18.95 |
0 |
Comstock Inc |
40.01 |
1.27 |
10.53 |
10 |
Lode star Mining Inc |
1.87 |
0.00 |
-0.05 |
2 |
Magellan Gold Corporation |
3,568.88 |
0.16 |
-1.21 |
1 |
Mcewen Mining inc |
403.30 |
166.23 |
33.18 |
293 |
Newmont Corporation |
28,903.53 |
11,812.00 |
-2,467.00 |
31,000 |
Novagold Resources Inc |
10,109.26 |
21,659.00 |
7,797.00 |
13 |
Nevada Canyon Gold Corp |
41.34 |
0.00 |
-2.65 |
0 |
Pgt Innovations Inc |
2,438.90 |
1,500.60 |
113.09 |
2,600 |
Palayan Resources Inc |
0.00 |
0.00 |
-0.35 |
0 |
Ppg Industries Inc |
33,012.88 |
18,246.00 |
1,309.00 |
49,300 |
Paramount Gold Nevada Corp |
22.80 |
0.65 |
6.68 |
6 |
Zhen Ding Resources Inc |
331.65 |
0.00 |
-1.23 |
2 |
Royal Gold inc |
7,357.34 |
605.72 |
240.13 |
21 |
Rise Gold Corp |
4.44 |
2.21 |
-4.00 |
1 |
Southern Copper Corp |
79,243.80 |
9,895.80 |
2,434.70 |
13,414 |
Star Gold Corp |
2.03 |
0.00 |
-0.42 |
1 |
Tuanche Ltd |
495.29 |
56.11 |
-16.00 |
700 |
Tecnoglass Inc |
2,157.53 |
832.93 |
183.51 |
5,853 |
Thunder Mountain Gold Inc |
137.03 |
0.00 |
-0.81 |
10 |
Tandy Leather Factory Inc |
38.24 |
76.59 |
2.28 |
0 |
Timberline Resources Corporation |
7.21 |
0.00 |
-1.53 |
0 |
Vista Gold Corp |
69.79 |
0.00 |
-6.59 |
13 |
Verde Resources Inc |
145.77 |
0.16 |
-6.66 |
3 |
SUBTOTAL |
243,904.22 |
93,043.10 |
13,390.52 |
146,019 |
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