Movado reports Q4 adjusted EPS 57c vs. 51c last year

Reports Q4 revenue $191.6M vs. $181.5M last year. CEO Efraim Grinberg stated: “Our strong performance in the 4th quarter allowed us to close FY26 on a high note, delivering strong growth in net sales, a significant increase in profitability and strong positive cash flow generation. Total net sales grew by 5.6%, leading to full-year growth of 2.7% – demonstrating accelerating momentum as the year progressed…The Movado (MOV) brand delivered a very strong quarter across our most important channels, led by our wholesale business with 25% sales growth, Movado.com with 18% sales growth and our Movado company stores with 9% growth. Our fashion watch and jewelry brands maintained robust performance driven by compelling product innovation and digital content, particularly in the U.S., Mexico and Europe. For FY26, we generated $57.9M in net cash provided by operating activities and ended the year with $230.5M in cash and no debt. As we look ahead, we believe we are well positioned to continue our progress and navigate the dynamic environment. Given that the geopolitical environment remains volatile and tariff and trade policies are uncertain, we will remain agile and execute with discipline while capitalizing on the positive trends and increasing consumer interest in watches and jewelry.”