Categories AlphaGraphs, Consumer, Earnings

A snapshot of Movado Group’s (MOV) Q4 2023 financial performance

Luxury watchmaker, Movado Group, Inc. (NYSE: MOV) has reported a decrease in sales and net income for the fourth quarter of 2023. The company also provided guidance for fiscal 2024.

Movado Group Q4 2023 earnings infographic

Net sales dropped to $194.3 million in the three-month period from $205.9 million in the prior-year quarter. Both the US and international divisions recorded negative growth.

Reflecting the weak top-line performance, fourth-quarter adjusted earnings dropped to $1.03 per share from $1.32 per share a year earlier. On an unadjusted basis, net income was $22.7 million or $1.00 per share, compared to $31.4 million or $1.33 per share last year.

Efraim Grinberg, chief executive officer of Movado, said, “these results follow a record performance in fiscal 2022 and reflect the power of our global portfolio of brands and the disciplined execution of our strategy by our organization. I am extremely proud of our teams for their contributions in the current operating environment.”

Prior Performance

  • Movado Group Q3 2023 earnings infographic
  • Movado-Q2-2023-Earnings-Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02

Applied Materials (AMAT) Earnings: 2Q24 Key Numbers

Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS

What to expect when Macy’s (M) reports its Q1 2024 earnings results

Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top