Movado Reports Q2 2027 Earnings with Strong Sales Growth
Movado Group (MOV) reported second-quarter earnings for fiscal year 2027, showing strong performance across its owned and licensed brands. Net sales reached $169.8 million, a 4.9% increase driven by growth in both U.S. and international markets. Adjusted diluted EPS came to $0.54 per share, up from $0.23 the previous year, largely due to IEEPA duty refunds of $3.2 million during the quarter. The company's adjusted operating income improved significantly to $15.1 million compared to $7 million in 2026, reflecting higher sales and expanded gross margins. Adjusted gross margin reached 57.5%, a notable improvement due to favorable product mix and pricing strategies. Movado also expects an additional $6.8 million from IEEPA duty refunds later this year. The company returned value to shareholders through dividends totaling $16.6 million in the first half of the fiscal year, with plans for continued share repurchases under its current authorization.
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