Movado Group, Inc. announced third quarter and nine-month results for the periods ended October 31, 2025.
Net sales increased by 3.1% to $186.1 million with a gross margin of 54.3%.
Operating income doubled to $11.7 million, and diluted earnings per share doubled to $0.42.
Net Sales Increase
Net sales grew by 3.1% to $186.1 million in the third quarter of fiscal 2026.
Gross Margin Expansion
The gross margin expanded by 80 basis points to 54.3% in the third quarter of fiscal 2026.
Earnings Growth
Diluted earnings per share doubled to $0.42 in the third quarter of fiscal 2026.
Dividend Declaration
The Board declared a quarterly dividend of $0.35 per share.
- Movado Group, Inc. reported positive financial results with a 3% increase in net sales and doubled earnings per share compared to the previous year.
- The company ended the quarter with $184 million in cash and no debt, providing a strong financial position for future investments.
Movado Group, Inc. shows strong performance in the third quarter of fiscal 2026, with growth in sales and earnings. The company's innovative approach and financial strength position it well for future opportunities.