Movado Group (MOV) Tops Q4 EPS by 39c, Offers Guidance

Movado Group (NYSE: MOV) reported Q4 EPS of $0.84, $0.39 better than the analyst estimate of $0.45. Revenue for the quarter came in at $178.3 million versus the consensus estimate of $164 million.

GUIDANCE:

Movado Group sees Q1 2022 revenue of $110-115 million.

• Given the dynamic nature of the COVID-19 crisis, the Company is not providing annual fiscal 2022 outlook at this time. However, given visibility into near term performance, the Company is providing certain expectations for its first quarter of fiscal 2022. With this in mind, the Company currently expects first quarter fiscal 2022 net sales in a range of approximately $110 million to $115 million compared to net sales of $69.7 million in the fiscal 2021 first quarter and to be slightly profitable on an operating basis.

For earnings history and earnings-related data on Movado Group (MOV) click here.

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