Movado Group, Inc. reported net sales of $161.8 million and operating income of $4.0 million for the second quarter of fiscal 2026.
The company's adjusted operating income stood at $7.0 million, with earnings per share of $0.13.
Movado Group declared a quarterly dividend of $0.35 per share and ended the quarter with $180.5 million in cash and no debt.
Net Sales Growth
Net sales increased to $161.8 million, showing a growth rate from the previous year's second quarter.
Profitability
Operating income reached $4.0 million, with adjusted operating income standing at $7.0 million.
Earnings Per Share
Diluted earnings per share were $0.13, with adjusted EPS at $0.23.
Financial Position
The company ended the quarter with $180.5 million in cash and no debt, indicating a strong financial position.
Dividend Declaration
Movado Group declared a quarterly dividend payment of $0.35 per share to its shareholders.
- Movado Group's second quarter results showcased growth in net sales and operating income, reflecting a positive trend in the company's performance.
- Despite challenges such as tariff impacts, Movado Group maintained a healthy gross margin and positioned itself well with $180.5 million in cash and no debt for future investments and shareholder value enhancement.
Movado Group's performance in the second quarter of fiscal 2026 demonstrates resilience and growth amidst challenges. The company's focus on innovation, brand strength, and financial discipline positions it for sustainable value creation.