NYSE$MOV

Movado Group Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Movado Group, Inc. announced its first quarter fiscal 2026 results, with net sales decreasing by 1.9% and diluted EPS at $0.06.

Movado Group, Inc. reported a challenging first quarter for fiscal 2026, with net sales decreasing to $131.8 million and operating income at $0.3 million. Despite the difficult retail environment, the company focused on operational efficiency and saw strong performance from its licensed brand portfolio.

  • Net sales for Q1 fiscal 2026 were $131.8 million, a 1.9% decrease compared to $134.4 million in Q1 fiscal 2025.
  • Operating income was $0.3 million, including $0.6 million in cost-savings initiative expenses, down from $2.1 million in the prior year.
  • Diluted earnings per share (EPS) was $0.06, compared to $0.09 in the prior year period.
  • The Board approved a quarterly dividend payment of $0.35 per share, and the company ended the quarter with $203.1 million in cash and no debt.

Headline financials

Total Revenue

$132M

Previous: $137M-3.6%
EPS

$0.06

Previous: $0.13-53.8%
Operating Expenses

$71.1M

No prior period
Adjusted Net Income

$1.9M

No prior period
Adjusted Tax Rate

30.9%

No prior period
Gross Margin

54.1%

No prior period
Adjusted Operating Income

$900K

No prior period
Quarterly Dividend

$0.35

No prior period
Capital Expenditures

-$1.53M

Previous: -$1.62M+5.6%
Free Cash Flow

-$113K

Previous: $1.27M-108.9%
Net Income

$1.42M

Previous: $2.89M-50.9%
Operating Income

$291K

Previous: $3.31M-91.2%
Gross Profit

$71.4M

Previous: $75.5M-5.5%

Revenue & EPS history

Movado · Revenue · Quarterly

$132M

Q1 2026-3.6%vs Q1 2025
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Movado Group, Inc. has elected not to provide a fiscal 2026 outlook due to current economic uncertainty and unpredictable tariff impacts. However, the company plans to implement price increases to partially mitigate the effects of recent tariff changes.

Tailwinds

  • Optimistic about opportunities ahead with compelling innovation across the brand portfolio.
  • Ended the quarter with a strong cash position of $203.1 million and no debt.
  • Board approved a quarterly dividend payment, demonstrating confidence in financial health.
  • Committed to delivering long-term profitable growth.
  • Planning to take actions to partially mitigate tariff impacts through select price increases.

Headwinds

  • Anticipates continued market volatility in the second quarter.
  • Current economic uncertainty impacts the ability to provide a fiscal 2026 outlook.
  • Unpredictable impact of tariff developments on the Company's business.
  • No specific financial guidance provided for fiscal 2026.
  • Potential challenges from recent tariff changes requiring mitigation efforts.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.6%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+30.8%

Q4 2021

Best reaction

-20.8%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-1.6%+3.3%+23.3%
Q3 2026+6.4%+7.7%+6.5%
Q2 2026+1.9%+7.6%+7.8%
Q1 2026-7.2%-6.8%-11.2%
Q4 2025+4.3%-1.3%+10.2%
Q3 2025+0.0%+0.4%-4.4%
Q2 2025-16.3%-17.9%-13.6%
Q1 2025-1.0%-2.8%-7.1%
Q4 2024+4.2%+5.3%-0.8%
Q3 2024-10.0%-6.7%+4.0%
Q2 2024-1.0%+2.9%-0.2%
Q1 2024+0.5%-0.1%+2.9%
Q4 2023-15.9%-11.9%-19.0%
Q3 2023-8.5%-8.2%-10.0%
Q2 2023-1.5%-2.5%-14.3%
Q1 2023+14.0%+5.9%+2.2%
Q4 2022+10.1%+15.9%+9.5%
Q3 2022+19.4%+13.8%+1.5%
Q2 2022+10.0%+5.3%-2.0%
Q1 2022-9.0%-2.9%+3.3%
Q4 2021+30.8%+30.5%+44.3%
Q3 2021+8.2%+6.9%+4.2%
Q2 2021+2.4%+0.9%-5.8%
Q1 2021-9.7%-11.0%-32.4%
Q4 2020+11.4%+17.3%-8.8%
Q3 2020-20.8%-22.4%-14.4%
Q2 2020-15.2%-13.8%+0.9%
Q1 2020-16.1%-13.2%-12.1%
Q4 2019+11.5%+3.8%+6.1%
Q3 2019+4.6%-10.0%-13.5%
Q2 2019-14.4%-13.8%-15.2%
Q1 2019+16.4%+23.9%+14.5%
Q4 2018+16.0%+13.1%+20.2%
Q3 2018+2.2%-1.4%+10.7%
Q2 2018+14.5%+14.9%+17.6%
Q1 2018-4.5%-4.5%+6.2%
Q4 2017+3.2%-0.8%-1.1%
Q3 2017+10.3%+14.0%+11.8%
Q2 2017-3.9%-4.7%-5.8%
Q1 2017-6.4%-13.6%-13.8%
Q4 2016-4.9%
Q3 2016+11.9%
Q2 2016+27.6%
Q1 2016-5.0%
Q4 2015+20.6%
Q3 2015+3.8%
Q2 2015-11.9%
Q1 2015+1.2%
Q4 2014+9.3%
Q3 2014-2.7%
Q2 2014+12.8%
Q1 2014+1.8%
Q2 2011+1.1%
Q4 2013-13.8%
Q3 2013+8.2%
Q2 2013+16.9%
Q1 2013-8.0%
Q1 2012-8.0%
Q4 2012+5.8%
Q2 2012+5.8%
Q4 2010+5.8%
Q3 2012+18.5%
Q3 2011+18.5%
Q4 2011+2.8%
Q1 2011+10.8%

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