Movado Group MOV Q2 2027 earnings

“I am pleased to report strong top-and bottom-line results for the second quarter, capping an excellent first half for Movado Group. In the second quarter of fiscal 2027, net sales grew 4.9%, or 4.4% in constant currency. Gross profit margin expanded by 340 basis points and adjusted diluted earnings per share increased by approximately 87%, in each case excluding the impact of IEEPA duty refunds. This performance reflected broad-based increases across our owned and licensed brands, our direct and wholesale channels, and key geographies led by the U.S. and Europe, underscoring the strength of our business model and the successful execution of our strategy. We drove demand for our portfolio of watch and jewelry brands worldwide by placing the consumer at the center of everything we do, delivering high-impact innovation and deepening customer engagement across our brand portfolio.”