Movado Group Inc. (NYSE:MOV) reported mixed fourth-quarter results, with revenue surpassing analyst forecasts while earnings fell short, as the watchmaker contended with tariff pressures and geopolitical uncertainty. Shares rose slightly, gaining about 0.47% following the announcement.
The company posted adjusted earnings per share of $0.57 for the fourth quarter, below the analyst consensus estimate of $0.72 by $0.15. Revenue, however, reached $191.6 million, topping expectations of $182.02 million and increasing 5.6% from $181.5 million in the same quarter a year earlier. The growth was driven by solid performance across wholesale channels as well as retail sales through both physical stores and online platforms. Sales in the United States climbed 11.2% year over year, while international sales rose 1.0%.
The Movado brand delivered particularly strong results during the quarter. Wholesale revenue for the brand increased 25%, Movado.com sales advanced 18%, and company-owned stores recorded a 9% rise in sales. Gross margin was largely unchanged at 54.1%, compared with 54.2% in the prior-year quarter, as favorable product and channel mix helped offset the impact of higher U.S. tariffs.
“Our strong performance in the fourth quarter allowed us to close fiscal 2026 on a high note, delivering strong growth in net sales, a significant increase in profitability and strong positive cash flow generation,” said Efraim Grinberg, Chairman and Chief Executive Officer.
For the full fiscal year 2026, Movado reported adjusted earnings per share of $1.34 on revenue of $671.3 million, representing a 2.7% increase from $653.4 million in fiscal 2025. The company generated $57.9 million in operating cash flow and finished the year with $230.5 million in cash and no outstanding debt.
Movado chose not to issue guidance for fiscal 2027, citing ongoing economic and geopolitical uncertainty, including the conflict in the Middle East and evolving tariff policies. The company’s board also declared a quarterly dividend of $0.35 per share.