Movado Group

Movado makes and sells watches for shoppers around the world. People buy these items in stores or on the internet. The company helps people track time with many different styles.

What's on the Wrist?

• Licensed Brands: Watches and accessories designed and sold under third-party agreements with fashion houses including Coach, Tommy Hilfiger, Hugo Boss, and Lacoste.
• Owned Brands: Higher-priced products sold under house names such as Movado, Concord, Ebel, Olivia Burton, and MVMT.
• Company Stores: Retail outlet business operating 57 locations across the United States and Canada as of April 30, 2026.
• After-Sales Services: Revenue from watch repairs, shipping fees, and the sale of replacement parts to authorized centers.

Strategic Steps Forward

• Signed a license agreement to design and distribute products for Kate Spade New York with the first collection set for spring 2027.
• Implemented a cost-savings plan in fiscal 2025 to reduce total staff and lower fixed lease expenses.
• Approved a share repurchase program in December 2024 allowing for the buyback of up to $50 million in common stock.
• Expanded direct-to-consumer reach by launching a specialized online outlet store for the company's various brands.

Broad Reach in Luxury

The company maintains a diverse portfolio by mixing its own luxury brands with popular global fashion licenses. It manages a wide distribution network that reaches customers through independent jewelers, major department stores, and its own retail outlets.

The Latest Numbers

• Net sales reached $142.4 million for the quarter ended April 30, 2026, up 8.1% from the same period last year.
• Gross profit rose to $81.6 million for the three months ended April 30, 2026, up 14.4% year-over-year.
• Operating income hit $7 million in the quarter ended April 30, 2026, up from $291,000 in the prior year period.
• Free cash flow improved to $5.8 million for the period ended April 30, 2026, up from a loss of $8.8 million a year earlier.

Bottom Line

Movado has shifted from a traditional watchmaker to a global distributor of both luxury and fashion brands. By growing its online and outlet presence, it continues to adapt to changing retail habits.