$MOV

MOVADO GROUP INC (MOV) filed an SEC Form 8-K — Other Events. EXHIBIT 99.1 MOVADO GROUP, INC. ENTERS INTO AGREEMENT TO SELL MAJORITY INTEREST IN EBEL Paramus, NJ – October 8, 2026 – Movado Group, Inc. (NYSE: MOV) today announced that it has entered into a binding agreement to sell a 95% interest in its EBEL brand for $66.5 million to a stra

Movado Group agreed to sell 95% of Swiss watchmaker Ebel to a group led by F.P. Journe, with Chanel and Pierre Jacques. The $66.5M deal includes trademarks, inventory, and a historic villa. Movado retains 5% and will focus on other brands. The new owners aim to leverage Ebel's heritage and product quality.

Figs (FIGS) reported Q2 revenue of $196.6M, up 28.8% YoY, beating estimates. Stitch Fix (SFIX) reported $324.4M, up 4.2%, missing EBITDA guidance. Movado (MOV) reported $169.8M, up 4.9%, beating estimates. Columbia Sportswear (COLM) reported $614.4M, up 1.5%, beating EPS but missing guidance. Market focus has shifted from AI to geopolitics.

Movado Group (NYSE: MOV) reported two consecutive quarters of earnings beats, with shares up 60% year-to-date. Analysts rate it a Strong Buy, with an average price target of $40, implying 22% upside. The company benefited from tariff refunds and a shift in consumer preferences toward traditional watches. However, investors should consider potential margin pressures and competition from smartwatches.

Movado Group (MOV) reported Q2 2027 earnings with adjusted EPS rising to $0.54 from $0.23 YoY, and net sales up 4.9% to $169.8M. The company cited strong sales growth across regions and product lines, including an 8% jump in online sales and 23% growth in Olivia Burton watches. Management noted temporary margin benefits from tariff refunds but expects normalization in H2. The stock trades at a forward P/E of 20.49.

Movado (NYSE: MOV) reported Q2 CY2026 revenue of $169.8M, up 4.9% YoY, and EPS of $0.53, 50.4% above estimates. Growth was driven by product innovation and pricing actions, with strong demand from younger consumers. Management expects gross margins to decline in H2 due to fading tariff benefits, but remains focused on long-term profitability.

Movado Group reported Q2 2027 earnings driven by a resurgence in watch sales, particularly among Gen Z consumers. Gross margins expanded due to strategic pricing and reduced promotions. Growth was strong in the U.S., Latin America, and India, though offset by Middle East tourism headwinds. The company expects mid-single-digit top-line growth and a gross margin normalization to 55-56% in the second half. Management highlighted a $3.2 million IEEPA duty refund benefit and a debt-free balance sheet

Movado (MOV) shares rose 2.6% after Q2 2026 earnings beat estimates, with revenue of $169.8M (+4.9% YoY) and EPS of $0.53. The company projects mid-single-digit growth for H2 2026 and a gross margin of 55-56%. A $0.40 quarterly dividend was declared, but annual guidance was discontinued. Shares closed at $34.97, up 66.5% YTD but 12.1% below the 52-week high.

Movado Group (MOV) stock rose 3% in pre-market trading after releasing Q2 2027 results, with net sales up 8.1% YoY to $142.4M and gross margin expanding to 57.3%. Analysts expect continued growth, citing strong execution and a new licensing deal with Kate Spade. The stock has more than doubled from its 52-week low but remains below its high.

MOVADO GROUP INC (MOV) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 CONTACT: ICR, Inc. Allison Malkin 203-682-8200 MOVADO GROUP, INC. ANNOUNCES SECOND QUARTER FISCAL 2027 RESULTS ~ Net Sales of $169.8 million ~ ~ Operating Income of $14.9 million and Adjusted Operating Income of $15.1 million, which include $3.2 million in IEEPA duty