Movado Group IncMOV

NYSETechnologyWatches, Clocks, Clockwork Operated Devices/Parts
Price (close)
$33.42
Market cap
$771.5M
P/E
18.6x
Revenue (TTM)
$689.9M
Net income
$41.4M
Dividend yield
4.49%
1-year total return
87.9%
Net margin
6.0%
Revenue growth
5.2%
Debt / equity
—

What Movado Group Inc does.

In this Form 10-K, all references to the “Company,” “Movado Group,” “we,” “us” or “our” include Movado Group, Inc. and its subsidiaries, unless the context requires otherwise. The Company’s common stock is traded on the NYSE under the trading symbol MOV.

Movado Group designs, sources, markets and distributes quality watches globally. Its portfolio of watch brands is currently comprised of owned brands MOVADO ® , CONCORD ® , EBEL ® , OLIVIA BURTON ® and MVMT ® as well as licensed brands COACH ® , TOMMY HILFIGER ® , HUGO BOSS ® , LACOSTE ® , CALVIN KLEIN ® and KATE SPADE NEW YORK ® . The Company is a leader in the design, development, marketing and distribution of watch brands sold in almost every major category comprising the watch industry. The Company also designs, sources, markets and distributes jewelry and other accessories under most of its brands.

The Company was incorporated in New York in 1967 under the name North American Watch Corporation to acquire Piaget Watch Corporation and Corum Watch Corporation, which had been, respectively, the exclusive importers and distributors of Piaget and Corum watches in the United States since the 1950’s. Since then, strategic acquisitions of watch brands and their subsequent growth, along with license agreements, have played an important role in the expansion of the Company’s brand portfolio. Over time, the Company has developed its brand-building reputation and approach across an expanding number of brands and geographic markets.

Revenue and profit, by fiscal year.

Fiscal year202120222023202420252026
Revenue$506.4M$732.4M$744.2M$664.4M$653.4M$671.3M
Net income-$111.5M$91.6M$90.4M$41.3M$18.4M$26.6M
Free cash flow$65.4M$125.2M$47.3M$68.6M-$9.5M$53.4M

More on MOV.

Figures from Movado Group Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.