Movado FY27 Q2 net income rises to $12.3 million; net sales increase 4.9% to $169.8 million - MOV News | RalliesMovado FY27 Q2 net income rises to $12.3 million; net sales increase 4.9% to $169.8 million
M
MOV• Movado reports higher second-quarter profit and sales
- Movado posted Q2 net income attributable to shareholders of $12.3 million, up from $3 million a year earlier.
- Net sales rose 4.9% to $169.8 million; Watch and Accessory Brands climbed 5.3% to $142.9 million.
- Gross margin widened 5.3 percentage points to 59.4%, helped by $3.2 million of IEEPA duty refunds recognized in cost of sales.
- SG&A increased 2.9% to $85.9 million, driven by higher performance-based compensation and marketing, partly offset by lower professional fees.
- Cash and cash equivalents totaled $211.6 million at July 31, 2026; the $75 million revolving credit facility had no borrowings outstanding.
•
