Thu, Aug. 27, 10:32 AM
- Movado (NYSE:MOV) rallies after navigating F/X headwinds in FQ2 to top estimates and maintaining guidance.
- Shares are up 18.7% to $26.50
- Perhaps helping out with the positive vibe on the retailer, the company says it's on target on deliver new products in time for the holiday season including a connected timepiece.
- Previously: Movado beats by $0.08, beats on revenue (Aug. 27 2015)
- Previously: More on Movado's Q2 (Aug. 27 2015)
Thu, Aug. 27, 9:31 AM
- Movado (NYSE:MOV) reports net sales rose 6.1% on a constant currency basis.
- Gross margin rate grew 30 bps to 54.3% due to channel and product mix, selective price increases and certain sourcing improvements.
- Operating margin rate +50 bps to 12.5%.
- Inventory declined 3.5% to $188.52M.
- FY2016 Guidance: Net sales: $590M to $600M; Gross margin rate: ~53.5%; Operating income: ~$72M to $75M; Tax rate: 30%; Net income: ~$48.5M to $51M; Diluted EPS: $2 to $2.1.
- Q2 results
Tue, Aug. 11, 10:00 AM
- The currency devaluation fired off in China is hitting select consumer goods and services stocks.
- China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
- Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
- Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
Wed, May 27, 7:21 AM
- 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.
Wed, May 13, 10:15 AM
- Weak guidance issued from Ralph Lauren (RL -2.2%) is having a ripple effect on some high-end retail stocks.
- Issues with merchandising, F/X pressure, and lower demand from international tourism pestered Ralph Lauren in Q1 and could continue to be a theme looking forward.
- Previously: Polo Ralph Lauren beats by $0.09, beats on revenue (May. 13 2015)
- Previously: More on Ralph Lauren's FQ4 (May. 13 2015)
- Michael Kors (KORS -1.3%), Coach (COH -0.4%), Movado (MOV -0.5%), Fossil (FOSL -1.7%), and Vera Bradley (VRA -0.3%) are all lower than market averages.
Tue, Mar. 31, 12:45 PM
Tue, Mar. 31, 9:13 AM
Tue, Mar. 31, 8:56 AM
- Movado (NYSE:MOV) soars in premarket trading after setting guidance above expectations and avoiding the worst-case F/X forecast.
- The watch category saw slow growth in the quarter as expected, but Movado says its design innovation helped the sell-through rate.
- A dividend payout boost and health amount of buyback activity in Q4 are also in the mix.
- The company's outlook for FY16 EPS of $2.00-$2.10 is out ahead of the $1.89 EPS analysts forecast.
- Previously: Movado beats by $0.20, misses on revenue (Mar. 31 2015)
- Previously: More on Movado's Q4 (Mar. 31 2015)
- MOV +8.1% premarket.
Tue, Mar. 31, 7:32 AM
- Movado (NYSE:MOV) reports revenue dropped 1.5% on a constant dollar basis.
- Gross margin rate declined 270 bps to 50.3%.
- FY2016 Guidance: Net sales: $590M to $600M; Gross margin rate: ~53.5%; Operating income: ~$72M to $75M; Tax rate: ~30.0%; Net income: ~$48.5M to $51.0M; Diluted EPS: $2.00 to $2.10.
- MOV +5.93% premarket.
Mon, Mar. 23, 11:17 AM
- Shares of Movado (MOV +4.6%) spike on strong volume to climb back over $25.
- New products showcased over the last few days at Baselworld have drawn some positive reviews.
- The company has lost some traction in the wholesale segment over the last couple of quarters.
- MOV -41.5% over the last 52 weeks.
Wed, Feb. 18, 10:29 AM
- Movado (NYSE:MOV) slides in what could be a reaction to a meltdown at Fossil.
- Shares of the watch seller are off 3.45% on above-average volume.
- Movado trades at 50% of its level from 10 months ago with the developments of the Swiss franc an overriding influence.
- Previously: Fossil -13.6% as promotions whack bottom line (Feb. 17 2015)
- Previously: Fossil still bleeding after earnings call and Jefferies defense
Thu, Jan. 15, 12:45 PM
Nov. 19, 2014, 10:01 AM
Nov. 14, 2014, 12:46 PM
Nov. 12, 2014, 10:37 AM
- Select high-end retailers are in rally mode after Fossil (FOSL +7.3%) cruises past Q3 estimates.
- The strong demand that Fossil saw for higher-priced items bodes well for the sector, say analysts.
- Advancers: Movado (NYSE:MOV) +1.1%, Michael Kors (NYSE:KORS) +1.6%, Coach (NYSE:COH) +1.6%, Vera Bradley (NASDAQ:VRA) +1.1%.
Aug. 26, 2014, 10:09 AM
MOV vs. ETF Alternatives
Movado Group Incdesigns, sources, markets and distributes fine watches. Its brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado, and Tommy Hilfiger Watches.
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