The earnings call highlighted a return to growth in both sales and profitability, strong international performance, and successful e-commerce initiatives. However, challenges such as declining Movado brand sales, U.S. sales decline, and the impact of tariffs and increased inventory levels were noted. Overall, the positive aspects were slightly more prominent, but significant challenges remain.

Company Guidance

During the Movado Group's second quarter fiscal 2026 earnings call, the company reported a 3% increase in sales to $161.8 million and a dramatic rise in adjusted operating profit to $7 million from $2.6 million the previous year. Despite facing a $2.2 million impact from U.S. tariffs and a 39% tariff rate on Swiss imports implemented after the quarter ended, the company managed a gross margin of 54.1% compared to 54.3% last year. Movado maintained a strong balance sheet with over $180 million in cash and no debt. The company's strategic initiatives have led to $10 million in annualized savings, while international business grew by 6.9% or 3.9% on a constant currency basis. The U.S. business saw a slight decline of 1.6%. Movado's e-commerce site experienced 6% growth, and the brand saw success in women's watches and a resurgence in fashion watches, driven by digital platforms like TikTok. Despite the challenges, Movado remains focused on driving profitability, with new products and strategic initiatives aimed at sustainable success.

Return to Growth in Sales and Profitability

Sales grew by 3% to $161.8 million, and adjusted operating profit more than doubled to $7 million from $2.6 million last year, despite a $2.2 million impact from unmitigated U.S. tariff expenses.

Strong Balance Sheet

The company operates with over $180 million in cash and no debt, highlighting financial stability and liquidity.

International Business Growth

International business grew by 6.9% or 3.9% on a constant currency basis, with strong performance in Europe, Latin America, and India.

Licensed Brands Performance

Licensed brands grew by 9.5% on a reported basis or 6.5% on a constant currency basis, with notable performances from brands like HUGO BOSS and Tommy Hilfiger.

Successful E-commerce Initiatives

Movado's own e-commerce site saw 6% growth, with strong trends in digital partners, indicating successful digital strategies.

Movado Group (MOV) Earnings, Revenues Date & History

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MOV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q3)	0.62 / -	0.37	―	―	―
Aug 28, 2025	2026 (Q2)	0.31 / 0.23	0.16	43.75% (+0.07)	―
May 29, 2025	2026 (Q1)	0.39 / 0.08	0.13	-38.46% (-0.05)	―
Apr 16, 2025	2025 (Q4)	0.30 / 0.51	0.55	-7.27% (-0.04)	―
Dec 05, 2024	2025 (Q3)	0.32 / 0.37	0.78	-52.56% (-0.41)	―
Sep 05, 2024	2025 (Q2)	- / 0.16	0.38	-57.89% (-0.22)	―
May 30, 2024	2025 (Q1)	- / 0.13	0.43	-69.77% (-0.30)	―
Mar 26, 2024	2024 (Q4)	- / 0.55	1.03	-46.60% (-0.48)	―
Nov 30, 2023	2024 (Q3)	0.80 / 0.78	1.31	-40.46% (-0.53)	―
Aug 24, 2023	2024 (Q2)	0.34 / 0.38	1.07	-64.49% (-0.69)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MOV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2025	$17.52	$17.84	+1.83%
May 29, 2025	$17.04	$15.86	-6.92%
Apr 16, 2025	$12.45	$12.98	+4.26%
Dec 05, 2024	$19.54	$19.48	-0.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.