Movado Group

Movado shares gained about 3.0% in premarket trading after the company said it will release its second-quarter financial results before the market open. In the prior quarter Movado reported net sales of $142.4 million (+8.1% year/year) and increased its gross margin to 57.3%, beating analysts' expectations. Northland Securities reiterated its buy rating, and a new global licensing agreement with Kate Spade New York was cited as an additional growth driver. The stock has more than doubled since its 52-week low but still trades below the 52-week high of $40.50. » Mere på de.investing.com

Movado Group reported Q1 sales up 8.1% driven by retailer replenishment and double-digit direct-to-consumer growth, aided by a resurgence in fashion watches among younger consumers. Gross margin expanded 320 basis points to 57.3% due to favorable channel and product mix, though management warned this level may not be sustained. The company raised its quarterly dividend to $0.40, plans SKU rationalization and supplier consolidation, and expects Q2 growth to moderate after heavy replenishment; guidance remains suspended amid geopolitical uncertainty related to the Middle East. » Mere på finance.yahoo.com

The Movado Group has extended its licensing agreement with Calvin Klein by three years to December 31, 2029; the addendum was signed on March 30, 2026 and the key contract terms largely remain unchanged. The agreement covers the design, manufacture and distribution of Calvin Klein watches and related products. Movado reported fiscal 2026 EPS of $0.57 (below expectations of $0.72), fourth-quarter revenue of $191.6 million (above forecasts) and annual revenue of $671.3 million; the stock rose about 59% over the prior year. Analysts note margin improvements; InvestingPro views the stock as undervalued with a dividend yield of 5.69%. » Mere på de.investing.com