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Movado Group Inc (MOV.N)

MOV.N on New York Stock Exchange

33.75USD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Movado Group Says ‍Entered Into An Amended And Restated License Agreement With Ferrari S.P.A.
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Movado Group Inc ::MOVADO GROUP SAYS ‍ENTERED INTO AN AMENDED AND RESTATED LICENSE AGREEMENT WITH FERRARI S.P.A. - SEC FILING​.MOVADO GROUP INC - TERM HAS BEEN EXTENDED FROM DECEMBER 31, 2017 UNTIL DECEMBER 31, 2022.MOVADO GROUP INC - ROYALTY CALCULATIONS HAVE BEEN REVISED.MOVADO GROUP INC - AMENDED LICENSE AGREEMENT AMENDS AND RESTATES ORIGINAL LICENSE AGREEMENT BETWEEN LICENSOR AND COMPANY DATED MARCH 22, 2012.MOVADO GROUP INC - EXCLUSIVE LICENSE HAS BEEN EXTENDED TO COVER ALL SCUDERIA FERRARI-BRANDED WATCHES WITH A SUGGESTED RETAIL PRICE UP TO EUR2,500.  Full Article

MOVADO GROUP Q3 ADJ EARNINGS PER SHARE $1.04 EXCLUDING ITEMS
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Movado Group Inc ::MOVADO GROUP, INC. ANNOUNCES THIRD QUARTER RESULTS.SEES FY 2018 EARNINGS PER SHARE $1.70 TO $1.75.Q3 ADJUSTED EARNINGS PER SHARE $1.04 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.75.Q3 SALES $190.7 MILLION VERSUS I/B/E/S VIEW $176.4 MILLION.Q3 EARNINGS PER SHARE VIEW $0.85 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 SALES $550 MILLION TO $555 MILLION.MOVADO GROUP INC - ‍ COMPANY HAS DECIDED TO NO LONGER EXHIBIT ITS BRANDS AT ANNUAL BASELWORLD WATCH AND JEWELRY FAIR IN SWITZERLAND​.MOVADO GROUP INC - ‍ PLANS TO REINVEST APPROXIMATE $10 MILLION OF ANNUAL SAVINGS RELATED TO BASELWORLD IN OTHER MARKETING ACTIVITIES.MOVADO GROUP INC - ‍ COMPANY RECORDED A PRE-TAX CHARGE OF $6.3 MILLION IN Q3 OF FISCAL 2018 AS PART OF ITS COST SAVINGS INITIATIVES​.MOVADO GROUP INC - ‍CONTINUES TO EXPECT TO REALIZE APPROXIMATELY $12.0 MILLION OF SAVINGS IN FISCAL 2018 FROM COST SAVINGS​ INITIATIVES.MOVADO GROUP - DOES NOT ANTICIPATE ANY SAVINGS IN OPERATING EXPENSES RELATED TO DECISION TO NOT EXHIBIT AT BASELWORLD WATCH AND JEWELRY FAIR FOR 2018​.  Full Article

Movado Group Inc reports Q1 loss of $0.18 per share
Thursday, 25 May 2017 

May 25 (Reuters) - Movado Group Inc :Announces first quarter results.Sees FY 2018 earnings per share $1.40 to $1.55.Q1 loss per share $0.18.Sees FY 2018 sales $515 million to $530 million.Q1 sales $99.3 million versus I/B/E/S view $100.2 million.Q1 adjusted earnings per share $0.01 excluding items.Q1 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Reiterates fiscal 2018 outlook.Outlook excludes $7.0 million to $10.0 million pre-tax charge related to cost savings initiatives in fiscal 2018.  Full Article

Movado group Q2 EPS $0.27
Thursday, 25 Aug 2016 

Movado Group Inc : Movado group, inc. Announces second quarter results . Sees FY 2017 earnings per share $1.40 to $1.55 . Q2 earnings per share $0.27 . Sees FY 2017 sales $550 million to $560 million . Q2 sales $128.1 million versus I/B/E/S view $135.9 million . Q2 earnings per share view $0.31 -- Thomson Reuters I/B/E/S .FY2017 earnings per share view $1.60, revenue view $571.7 million -- Thomson Reuters I/B/E/S.  Full Article

Movado Q1 adj earnings per share $0.19 excluding items
Thursday, 26 May 2016 

Movado Group Inc : Updates full year outlook to sales of $565 million to $580 million and operating income of $55 million to $60 million . Anticipates net income in fiscal 2017 to be approximately $36.5 million to $40.0 million, or $1.55 to $1.70 per diluted share . Movado group inc sees full year operating income of $55 million to $60 million . Sets quarterly cash dividend of $0.13per share . "given current retail trends, particularly in fashion watch category in us, we feel it is prudent to lower our annual outlook" . Movado group, inc. Announces first quarter results . Sees fy 2017 earnings per share $1.55 to $1.70 . Q1 earnings per share $0.14 . Sees fy 2017 sales $565 million to $580 million . Q1 sales $114.1 million versus i/b/e/s view $115.6 million . Q1 earnings per share view $0.16 -- Thomson Reuters I/B/E/S .Q1 adjusted earnings per share $0.19 excluding items.  Full Article

Movado Group, Inc. Announces New $50 Million Share Buyback Program and 18% Increase in Quarterly Dividend
Thursday, 31 Mar 2016 

Movado Group, Inc:approved a new share buyback program under which Company may purchase up to $50 million of its outstanding common shares from time to time.authorization expires on September 30, 2017, subject to extension or earlier termination by the Board of Directors.Board of Directors also approved an approximately 18% increase in the Company's quarterly cash dividend to $0.13 for each share of the Company's outstanding common stock and class A common stock.This dividend will be paid on April 26, 2016 to all shareholders of record as of the close of business on April 12, 2016.  Full Article

Movado Group Inc gives FY 2017 guidance
Thursday, 31 Mar 2016 

Movado Group Inc:Says in FY 2017, co anticipates that net sales will be in a range of $585.0 million to $600.0 million and operating income will be about $65.0 million to $70.0 million.anticipates net income in FY 2017 to be about $43.3 million to $46.7 million, or $1.85 to $2.00 per diluted share.  Full Article

BRIEF-Movado Group Says ‍Entered Into An Amended And Restated License Agreement With Ferrari S.P.A.

* MOVADO GROUP SAYS ‍ENTERED INTO AN AMENDED AND RESTATED LICENSE AGREEMENT WITH FERRARI S.P.A. - SEC FILING​