Movado reports Q4 adjusted EPS 51c

Reports Q4 revenue $181.5M vs. $175.8M last year. Reports Q4 GAAP EPS 36c vs. 43c last year. Efraim Grinberg, Chairman and CEO, stated: “Despite a challenging macroeconomic backdrop, we delivered net sales growth in the fourth quarter and also expanded gross profit margin while increasing marketing spend in support of future growth. As we communicated when reporting Q3 results in December, we increased our focus on reducing go-forward operating expenses. As of our fiscal year end, we had already implemented actions that are expected to deliver $10M in annualized savings while increasing efficiency across our enterprise in order to generate higher productivity and profitability. Additionally, we will bring our marketing spend to be more in line with sales in fiscal 2026, with planned spend being reduced by a range of $15M to $20M relative to FY25.”