Movado Group, Inc. (MOV) Earnings Call Transcripts

Movado Group, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal 2027, Movado Group, Inc. reported strong financial performance, with revenue reaching $142.4 million, an 8.1% increase year-over-year. Adjusted earnings per share surged to $0.32 from $0.08, highlighting effective execution of strategic priorities despite challenges in the Middle East. Management did not provide formal guidance due to ongoing geopolitical uncertainties but indicated that sales growth may moderate in the upcoming quarter.

Reported metrics

Guidance from management

Management did not provide formal guidance due to economic and geopolitical uncertainties but indicated that sales growth may moderate in Q2, particularly on a constant currency basis.

What management said

I understand we dropped off for a second. So, I will finish my comments and then turn it over to Sallie. Our focus remains on controlling what we can control, investing behind our brands, deepening consumer engagement, improving operational efficiencies and driving long-term profitability. I want to recognize our global teams for their commitments to our strategy and execution within a complex environment. Now I'll t...

We would expect based on the balance of the year to generate higher gross margin than last year, but not at this level that we did in Q1. So, it's probably somewhere between halfway across both of those, Sallie, would you say that's true? -- and so, we are looking for an improvement in gross profit, and we think that the actions that we're taking will have long-term benefits in our gross margin improvement, especiall...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the gross margin expansion and whether the strong retailer replenishment activity in Q1 was a one-time event. There were also questions about the impact of geopolitical tensions on future sales performance.

Main topics on the call

• Revenue Growth — Movado's sales increased by 8.1%, reaching $142.4 million, driven by strong U.S. momentum and improving trends in Europe. CEO Efraim Grinberg noted, "Sales increased 8.1% as reported or 4.5% on a constant currency basis....
• Profitability Improvement — Adjusted operating profit rose significantly to $7.5 million from $900,000 in the prior year, supported by a gross margin improvement of 320 basis points. Grinberg stated, "Our focus remains on controlling what we can co...
• Direct-to-Consumer Growth — Movado.com sales increased by 12.8%, reflecting strong direct-to-consumer demand. The company stores also saw a 10.2% sales increase, indicating robust consumer engagement.
• Challenges in the Middle East — The Middle East region faced significant challenges due to ongoing conflict, which impacted overall sales. Grinberg mentioned, "The Middle East region was extremely challenging due to the ongoing conflict."

Read the full Movado Group, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 Movado Group, Inc. earnings call transcripts on record, spanning March 26, 2020 to August 26, 2026. Based on this history, Movado Group, Inc. reports quarterly. The most recent call on file is dated August 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MOV

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

32

First call

March 26, 2020

Most recent

August 26, 2026

Reporting cadence

quarterly