Movado Group (NYSE: MOV) reported fiscal 2027 second-quarter net sales of $169.8 million, up 4.9% from $161.8 million a year earlier. Net income attributable to Movado Group was $12.3 million, or $0.53 per diluted share, compared with $3.0 million, or $0.13 per diluted share, in the prior-year quarter.
Operating income was $14.9 million, compared with $4.0 million a year earlier. Results included $3.2 million in IEEPA duty refunds, plus $0.1 million in related interest.
- Gross margin was 59.4%, compared with 54.1% in the prior-year quarter.
- Cash totaled $211.6 million at July 31, 2026, and the company reported no debt.
- The board declared a quarterly cash dividend of $0.40 per share, payable September 22, 2026, to shareholders of record September 8, 2026.
- For the second half of fiscal 2027, the company expects mid-single-digit sales growth and gross margin of 55% to 56%, excluding additional IEEPA duty refunds.
- Movado discontinued providing an annual outlook.
