More on Movado Group's (MOV) Q3: The watch maker notes it saw good response to new assortments...

|About: Movado Group, Inc. (MOV)|By:, SA News Editor

More on Movado Group's (MOV) Q3: The watch maker notes it saw good response to new assortments introduced late in the quarter and is well-positioned for the holiday shopping season. In the past quarter, SG&A expenses increased 5.7% Y/Y to $65M. In FY13, the company expects net sales to increase 10% to $510M and operating income to come in at $57M - up from prior guidance of $49M-$50M. (PR)