Movado Group reported strong fiscal second-quarter results, with sales rising 4.9% to $169.8 million and diluted earnings per share increasing to $0.54 from $0.23. Adjusted operating income more than doubled to $15.1 million, driven by broad-based growth across U.S. and international markets, product launches, pricing actions, and lower promotions. Gross margin reached 59.4%, helped by $3.2 million in IEEPA duty refunds, but management expects second-half gross margin to be 55%–56% as those benefits fade. The company anticipates mid-single-digit sales growth for the remainder of fiscal 2027 and will no longer provide an annual outlook. Movado also plans to expand its partnership with Tapestry, launching Kate Spade watches next fiscal year.
Movado Group IncStrong Q2 results with EPS jump and raised guidance
Tapestry IncExpansion of partnership with Movado to launch Kate Spade watches
