- 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.
F/X clips results at Movado
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Symbol | Last Price | % Chg |
---|---|---|
MOV | - | - |
Movado Group, Inc. |