Apr. 16 at 12:04 PM
$MOV
Movado Group reported its Q4 and fiscal year 2025 results, with annual net sales of
$653.4 million, down 1.7% from fiscal 2024.
The company posted fiscal 2025 operating income of
$20.0 million and adjusted operating income of
$27.1 million.
Q4 showed positive momentum with net sales increasing 3.3% to
$181.5 million, driven by growth in international wholesale channels and online retail.
The company maintained a strong financial position with
$208.5 million in cash and no debt.
Key financial metrics include:
Fiscal 2025 EPS:
$0.81 (Adjusted EPS:
$1.12)
Q4 EPS:
$0.36 (Adjusted EPS:
$0.51)
Q4 gross margin improved to 54.2% from 53.5%
The company announced cost-saving initiatives expected to deliver
$10 million in annualized savings and plans to reduce marketing spend by
$15-20 million in fiscal 2026.
The Board declared a quarterly dividend of
$0.35 per share.
