Movado Group (MOV) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 net sales rose 2.7% year-over-year to $671.3 million, with adjusted operating income up 28.7% to $34.8 million and operating income up 49% to $29.8 million, driven by strong U.S. wholesale and retail performance.

• Fourth quarter net sales increased 5.6% to $191.6 million, with U.S. net sales up 11.2% and international net sales up 1% (down 5.9% in constant currency); Q4 EPS rose 52.8% to $0.55 and adjusted EPS up 11.8% to $0.57.

• Ended fiscal year with $230.5 million in cash and no debt, generating $57.9 million in net cash from operating activities, providing significant financial flexibility.

Financial highlights

• Gross margin for fiscal 2026 was 54.2%, with Q4 at 54.1%, holding steady despite tariff pressures.

• Adjusted operating income for Q4 grew 6.2% to $14.4 million; Q4 net income was $13 million ($0.57 per diluted share), up from $11.5 million ($0.51 per share) year-over-year.

• Full-year adjusted net income was $30.4 million ($1.34 per diluted share), up from $25.4 million ($1.12 per share) in fiscal 2025; reported net income was $26.6 million ($1.17 per share).

• U.S. net sales grew 4.3% for the year and 11.2% in Q4; international net sales rose 1.6% for the year.

Outlook and guidance

• No fiscal 2027 outlook provided due to economic and geopolitical uncertainty, including the Middle East conflict and ongoing tariff developments.