Movado Group Inc. reported adjusted second-quarter earnings per share of $0.54, exceeding analyst estimates by $0.19, according to data compiled by Investing.com. Revenue totaled $169.8 million, a 3% increase from the same period last year and ahead of the $164.17 million consensus forecast.
The New York-listed watchmaker’s adjusted EPS surpassed the $0.35 estimate compiled by Investing.com, reflecting stronger-than-expected performance in its core timepiece segment. Movado’s revenue growth was driven by sustained demand for its licensed and proprietary brands, though the company did not provide segment-level breakdowns in the release.
Shares of Movado closed at $34.97 on Tuesday, leaving the stock down 8.65% over the past three months but up 99.60% over the last 12 months. The company’s financial health was rated as "good performance" by InvestingPro, based on trailing 90-day revisions that included both upward and downward adjustments to earnings estimates.
Movado did not issue updated guidance in conjunction with the earnings release. The company’s next financial update is scheduled for its third-quarter earnings report, with market watchers closely monitoring trends in consumer discretionary spending on luxury goods.
