Categories AlphaGraphs, Earnings, Retail

Movado Group (MOV) Earnings: 2Q23 Key Numbers

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%.

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

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