Movado Group, Inc. (NYSE: MOV) reported net sales of $182.8 million for the second quarter of 2023, up 5.1% versus the same period a year ago. On a constant dollar basis, net sales grew 10.5%.
Net income was $24 million, or $1.05 per share, compared to $19.4 million, or $0.82 per share, in the year-ago quarter. Adjusted EPS was $1.07.
For fiscal year 2023, net sales are expected to be approx. $780-790 million, representing a year-over-year growth of 6.5-8%.
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