Movado FY27 Q2 net income rises to $12.3 million; net sales increase 4.9% to $169.8 million

• Movado posted Q2 net income attributable to shareholders of $12.3 million, up from $3 million a year earlier.
• Net sales rose 4.9% to $169.8 million; Watch and Accessory Brands climbed 5.3% to $142.9 million.
• Gross margin widened 5.3 percentage points to 59.4%, helped by $3.2 million of IEEPA duty refunds recognized in cost of sales.
• SG&A increased 2.9% to $85.9 million, driven by higher performance-based compensation and marketing, partly offset by lower professional fees.
• Cash and cash equivalents totaled $211.6 million at July 31, 2026; the $75 million revolving credit facility had no borrowings outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Movado Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-366101), on August 26, 2026, and is solely responsible for the information contained therein.