The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Movado (NYSE:MOV) and the rest of the apparel and accessories stocks fared in Q4.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Tapestry (NYSE:TPR) and its peers.
Movado Group Inc (NYSE:MOV) shares climbed in premarket trading after posting a fourth-quarter FY25 earnings beat. The company reported $0.51 in adjusted EPS, surpassing analyst expectations. Revenue rose 3.3% to $181.47 million, driven by strong international sales. Despite a 2.9% drop in U.S. sales, gross margin improved to 54.2%. Movado also declared a $0.35 dividend, payable May 6, 2025.
Luxury watch company Movado (NYSE:MOV) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 1% year on year to $181.5 million. Its GAAP profit of $0.36 per share was 7.2% below analysts’ consensus estimates.
Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges.
However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.
Consumer discretionary businesses are levered to the highs and lows of economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months,
the industry has stayed on track as its 6.3% return was close to the S&P 500’s.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Movado (NYSE:MOV) and its peers.
Movado’s stock price has taken a beating over the past six months, shedding 20.4% of its value and falling to $20.03 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Ralph Lauren (NYSE:RL) and its peers.
Luxury watch company Movado (NYSE:MOV) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 2.6% year on year to $182.7 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $665 million at the midpoint. Its GAAP profit of $0.22 per share was 31.3% below analysts’ consensus estimates.
