Movado Group (MOV) Q1 Profit Climbs on Strong Watch Demand

Movado Group Inc. (NYSE: MOV) reported a rise in first-quarter profit on May 27, 2026, as improved gross margins and steady demand for its luxury and licensed watch brands boosted results. For the three months ended April 30, 2026, net income climbed to $12.3 million, or $0.54 per share, from $10.1 million, or $0.44 per share, in the same period a year earlier. Analysts polled by FactSet had expected earnings of $0.49 per share. Net sales inched 1.2% higher to $148.6 million, slightly above Wall Street's forecast of $147 million. The Paramus, New Jersey-based company said gross margin widened by 90 basis points to 55.8%, helped by price increases and a shift toward higher-margin owned brands. "We delivered a solid start to the year, reflecting disciplined cost management and continued momentum in our international markets," Chairman and CEO Efraim Grinberg said in a statement. The company reaffirmed its full-year fiscal 2027 earnings guidance of $1.95 to $2.05 per share.