MOVADO GROUP INC

Listed Company

MOVAACIK 0000072573OTCAcceleratedWatches, Clocks, Clockwork Operated Devices/PartsNew YorkFY ends Jan 31

Period

FY 2026

Revenue

$671.31M

Net Income

$26.55M

Total Assets

$742.62M

Equity

$508.84M

Shares Out

—

Op. Cash Flow

$57.92M

Business

MOVADO GROUP INC designs, sources, markets and distributes quality watches, jewelry and other fashion accessories globally under a portfolio of owned and licensed brands. Its primary products and services include watches spanning luxury to fashion categories, fashion and some fine jewelry, accessories, after‑sales service and in‑house design and product development. The Company operates through two principal segments: Watch and Accessory Brands and Company Stores. It sells across the United States and international markets through department stores, jewelry chains, independent retailers, third‑party and owned e‑commerce sites, independent distributors and outlet retail stores.

Summary from filing dated 2025-04-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	671	653	664	744	732
Cost of sales	308	300	300	315	313
Gross profit	364	353	364	429	419
Selling, general and administrative	334	333	316	314	302
Operating income	30	20	48	116	117
Other income, net	5	7	6	2	530,000
Interest expense	−507,000	−489,000	−497,000	−518,000	−688,000
Income before income taxes	34	27	54	117	117
Provision for income taxes (Note 12)	7	7	12	24	25
Net income	27	19	42	93	93
Less: Net income attributable to noncontrolling interest	316,000	845,000	830,000	2	960,000
Net income attributable to Movado Group, Inc.	27	18	41	90	92
Weighted basic average shares outstanding	22	22	22	23	23
Net income per share attributable to Movado Group, Inc.	1.19	0.82	1.86	4.02	3.95
Weighted diluted average shares outstanding	23	23	23	23	24
Net income per share attributable to Movado Group, Inc.	1.17	0.81	1.83	3.94	3.87

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-10-31	FY 2024 2024-07-31	FY 2024 2024-04-30
Cash and cash equivalents	231	209	182	198	225
Trade receivables, net	102	93	114	87	81
Inventories	158	157	176	183	165
Other current assets	22	22	23	26	22
Income taxes receivable	4	10	7	13	8
Total current assets	517	490	501	507	502
Property, plant and equipment, net	17	20	20	20	19
Operating lease right-of-use assets	68	86	89	85	89
Deferred and non-current income taxes	46	41	44	43	43
Other intangibles, net	4	6	6	7	7
Other non-current assets	90	86	86	80	76
Total assets	743	729	747	742	736
Accounts payable	21	34	29	37	33
Accrued liabilities	50	43	50	45	42
Accrued payroll and benefits	18	8	10	8	6
Current operating lease liabilities	21	19	19	18	18
Income taxes payable	4	9	7	7	4
Total current liabilities	113	113	116	114	103
Deferred and non-current income taxes payable	1	1	1	1	8
Non-current operating lease liabilities	58	76	79	76	80
Other non-current liabilities	60	56	57	56	53
Total liabilities	232	246	253	248	244
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued	0	0	0	0	0
Capital in excess of par value	249	243	243	242	241
Retained earnings	442	447	446	449	454
Accumulated other comprehensive income	111	80	90	88	82
Treasury Stock, 13,725,962 and 13,490,483 shares, respectively, at cost	−293	−289	−289	−287	−287
Total Movado Group, Inc. shareholders' equity	509	481	491	492	490
Noncontrolling interest	1	2	3	2	2
Total equity	510	484	494	494	492
Total liabilities and equity	743	729	747	742	736

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	9	9	10	11	12
Transactional losses/(gains)	743,000	−388,000	722,000	−18,000	−808,000
Provision for inventories and accounts receivable	6	5	5	4	5
Deferred income taxes	−3	827,000	319,000	−712,000	−208,000
Stock-based compensation	5	4	7	6	5
Other	1	413,000	1	453,000	561,000
Trade receivables	−276,000	−12	−899,000	4	−19
Inventories	10	−12	36	−32	−15
Other current assets	1	−5	6	−6	2
Accounts payable	−15	2	2	−14	18
Accrued liabilities	3	3	−6	−1	1
Accrued payroll and benefits	9	475,000	−10	−8	7
Income taxes receivable	5	10	−4	7	17
Income taxes payable	−5	−22	−14	−5	1
Other non-current assets	2	−4	2	−5	3
Other non-current liabilities	925,000	−411,000	−609,000	180,000	681,000
Net cash provided by/(used in) operating activities	58	−2	77	54	131
Capital expenditures	−5	−8	−8	−7	−6
Long-term investments	−3	−6	−3	−3	−2
Trademarks and other intangibles	−138,000	−109,000	−144,000	−202,000	−291,000
Net cash used in investing activities	−8	−14	−11	−11	−8
Dividends paid	−31	−31	−53	−31	−22
Stock repurchases	−4	−3	−3	−31	−23
Distribution of noncontrolling interest earnings	−1	−604,000	−1	−1	−1
Stock awards and options exercised and other changes	32,000	−1	97,000	489,000	324,000
Net cash used in financing activities	−36	−35	−58	−65	−67
Effect of exchange rate changes on cash, cash equivalents and restricted cash	9	−3	3	−4	−3
Net increase/(decrease) in cash, cash equivalents and restricted cash	22	−54	11	−26	53

Filings

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