MOVADO GROUP INCMOVEarnings & Financial Report
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
Revenue
$161.8M
Gross Profit
$87.6M
Operating Profit
$4.0M
Net Profit
$3.0M
Gross Margin
54.1%
Operating Margin
2.5%
Net Margin
1.8%
YoY Growth
1.6%
EPS
$0.13
MOVADO GROUP INC Q2 FY2026 Financial Summary
MOVADO GROUP INC reported revenue of $161.8M (up 1.6% YoY) for Q2 FY2026, with a net profit of $3.0M (down 19.8% YoY) (1.8% margin). Cost of goods sold was $74.3M, operating expenses totaled $83.6M.
Key Financial Metrics
| Total Revenue | $161.8M |
|---|---|
| Net Profit | $3.0M |
| Gross Margin | 54.1% |
| Operating Margin | 2.5% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
MOVADO GROUP INC Q2 FY2026 revenue of $161.8M breaks down across 4 segments, led by Licensed Brand Category at $92.4M (57.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Licensed Brand Category | $92.4M | 57.1% |
| Sales Channel Directly To Consumer | $43.4M | 26.8% |
| Company Stores | $26.2M | 16.2% |
| After Sales Service And All Other | $1.1M | 0.7% |
MOVADO GROUP INC Revenue by Segment — Quarterly Trend
MOVADO GROUP INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Licensed Brand Category and Sales Channel Directly To Consumer) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Licensed Brand Category | — | $92.4M | — | — |
| Sales Channel Directly To Consumer | $35.3M | $43.4M | $26.8M | $56.2M |
| Company Stores | $23.4M | $26.2M | $17.0M | $33.5M |
| After Sales Service And All Other | — | $1.1M | $1.4M | — |
MOVADO GROUP INC Annual Revenue by Year
MOVADO GROUP INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $653.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $653.4M |
| 2024 | $664.4M |
| 2023 | $744.2M |
| 2022 | $732.4M |
MOVADO GROUP INC Quarterly Revenue & Net Profit History
MOVADO GROUP INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $186.1M | +1.9% | $9.6M | 5.1% |
| Q2 FY2026 | $161.8M | +1.6% | $3.0M | 1.8% |
| Q1 FY2026 | $131.8M | -3.6% | $1.4M | 1.1% |
| Q4 FY2025 | $181.5M | +3.3% | $8.1M | 4.4% |
| Q3 FY2025 | $180.5M | -1.9% | $4.8M | 2.7% |
| Q2 FY2025 | $157.0M | -0.6% | $3.5M | 2.2% |
| Q1 FY2025 | $134.4M | -8.3% | $2.0M | 1.5% |
| Q4 FY2024 | $175.8M | -5.8% | $9.8M | 5.6% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $175.8M | $134.4M | $157.0M | $180.5M | $181.5M | $131.8M | $161.8M | $186.1M |
| YoY Growth | -5.8% | -8.3% | -0.6% | -1.9% | 3.3% | -3.6% | 1.6% | 1.9% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $756.5M | $736.0M | $742.5M | $747.2M | $729.2M | $747.2M | $748.7M | $751.9M |
| Liabilities | $248.4M | $244.1M | $248.1M | $253.3M | $245.7M | $251.8M | $256.5M | $252.0M |
| Equity | $505.9M | $489.6M | $492.0M | $491.3M | $481.3M | $493.2M | $489.9M | $497.5M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $69.4M | $-18.1M | $-17.8M | $-4.7M | $39.1M | $-7.2M | $-3.8M | $12.3M |