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F/X clips results at Movado

May 27, 2015 7:21 AM ETMovado Group, Inc. (MOV) StockBy: Clark Schultz, SA News Editor
  • Movado (NYSE:MOV) reports sales were up 5.0% to $120.9M in FQ1 on a constant currency basis.
  • The company's gross profit rate fell 210 bps to 51.8%.
  • Inventory flat Y/Y at $183.90M.
  • Guidance: Movado sees FY16 sales of $590M-$600M vs. $593.1M consensus and EPS of $2.00-$2.10 vs. $2.04 consensus.
  • Previously: Movado misses by $0.01, beats on revenue
  • MOV +1.67% premarket.

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Movado Group, Inc.