Movado Group Inc. shares climbed 3.0% in pre-market trading on Wednesday after the watchmaker reported better-than-expected second quarter fiscal year 2027 results and highlighted a new global licensing agreement.
The company, trading under ticker MOV, reported net sales of $142.4 million for the quarter, an 8.1% increase from the same period a year earlier. Gross margin improved to 57.3%, up from 54.1% in the prior-year quarter, reflecting operational efficiency gains.
Movado’s stock has recovered from its 52-week low of $16.75, though it remains below the 52-week high of $40.50. The advance follows the release of financial results before the market opened, with a live earnings call scheduled for 9:00 AM Eastern Time.
The company also cited a licensing agreement with Kate Spade New York, announced in July 2026, as a strategic driver for future growth. Chairman and CEO Efraim Grinberg and CFO Sallie DeMarsilis are expected to discuss the quarter’s performance and outlook during the call.
Northland Securities maintained a Buy rating on Movado, reflecting confidence in the company’s turnaround strategy and brand partnerships. The stock’s pre-market rally underscores investor optimism ahead of the earnings call.
