Movado Group Inc. shares advanced 3% in pre-market trading on Tuesday after the luxury watchmaker reported second-quarter fiscal 2027 results that exceeded analyst forecasts.
The company posted net sales of $142.4 million for the quarter, an 8.1% increase from the same period a year earlier. Gross margin widened to 57.3%, up from 54.1% in the prior-year period, reflecting improved profitability. Movado’s results were released before the market opened, with an earnings call scheduled for 9:00 a.m. Eastern Time.
The stock, which remains below its 52-week high of $40.50, has more than doubled from its 52-week low of $16.75. Movado, led by Chairman and CEO Efraim Grinberg and CFO Sallie DeMarsilis, has benefited from its global licensing partnership with Kate Spade New York, announced in July 2026. Northland Securities maintained a Buy rating on the stock following the results.
