Movado's Q3: Strong Sales, Lower Profit, Positive Investor Reaction

Movados Q3 results meet revenue expectations, with a 2% sales increase to $186.1 million. Despite profit per share falling short by 26.8%, investors react positively due to improved operating margins and steady sales growth. The company attributes success to new product launches, digital marketing, and growing interest from women and younger consumers. Movado plans to focus on brand innovation, profitability, and leveraging a new trade agreement to reduce costs and enhance pricing flexibility.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.