Movado Group Inc. (MOV) Fourth Quarter 2024 Financial Report and Fiscal Year 2025 Guidance
Tuesday, 26 March 2024, 13:34
Movado Group Inc. (MOV) Reports
Luxury watchmaker Movado Group, Inc. (NYSE: MOV) on Tuesday reported a double-digit decline in earnings for the fourth quarter of 2024. The company also issued financial guidance for fiscal 2025.
Key Highlights:
- Fourth-quarter net sales declined to $179.6 million
- Adjusted earnings fell 47% to $0.55 per share
- CEO Efraim Grinberg emphasizes long-term growth strategy
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