Trade Movado Group Inc - MOV CFD

Movado Group, Inc. Company profile

About Movado Group, Inc

Movado Group, Inc designs, sources, markets, and distributes watches globally. The Company operates through two segments: Watch and Accessory Brands and Company Stores. The Watch and Accessory Brands segment includes the designing, manufacturing and distribution of watches, jewelry and other accessories, after-sales service activities, and shipping. The Stores segment includes the Company’s physical retail outlet locations in the United States and Canada. The Company divides its business into two geographic locations: United States operations and International operations. It has International operations in Europe, the Middle East, Asia, and the Americas. Its owned brands include MOVADO, CONCORD, EBEL, OLIVIA BURTON and MVMT. Its licensed brands include COACH, TOMMY HILFIGER, HUGO BOSS, LACOSTE and SCUDERIA FERRARI.

Financial summary

BRIEF: For the nine months ended 31 October 2021, Movado Group, Inc revenues increased 60% to $526.4M. Net income totaled $60.2M vs. loss of $141.8M. Revenues reflect Watch and Accessory Brands segment increase of 56% to $456.8M, Company stores segment increase from $34.5M to $69.6M, United states segment increase of 90% to $244.2M, International segment increase of 42% to $282.3M, Retail Sales increase from $33.2M to $66.9M.

Equity composition

Common Stock $.01 Par, 04/11, 100M auth., 25,910,838 issd., less 7,743,676 shs. in Treas. @ $111.3M. Insiders own 5.44%. PO 10/93, 2,666,667 shares @ $14 by the First Boston. PO10/97, 2.4M shares @ $21.50 by CS First Boston. Class A Common Stock $.01 Par, 03/11, 30M auth., 6,634,319 issd. 6/04, 2-for-1 stock split.