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'Focused On What We Can Control:' Movado CEO Ditches Outlook Citing Tariff Uncertainty

Summary

Movado Group Inc (NYSE:MOV) shares climbed in premarket trading after posting a fourth-quarter FY25 earnings beat. The company reported $0.51 in adjusted EPS, surpassing analyst expectations. Revenue rose 3.3% to $181.47 million, driven by strong international sales. Despite a 2.9% drop in U.S. sales, gross margin improved to 54.2%. Movado also declared a $0.35 dividend, payable May 6, 2025.

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Article published on April 16, 2025 by benzinga