← MOVADO GROUP INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $552.8m |
$568.0m
+2.75%
|
$679.6m
+19.65%
|
$701.0m
+3.15%
|
$506.4m
-27.76%
|
$732.4m
+44.63%
|
$751.9m
+2.66%
|
$672.6m
-10.55%
|
$653.4m
-2.86%
|
$671.3m
+2.74%
|
$681.9m
+1.58%
|
|
| Cost of sales | $257.9m |
$269.9m
+4.63%
|
$310.2m
+14.95%
|
$326.1m
+5.12%
|
$235.9m
-27.66%
|
$313.3m
+32.82%
|
$318.0m
+1.49%
|
$302.2m
-4.97%
|
$300.2m
-0.65%
|
$307.7m
+2.49%
|
$308.1m
+0.13%
|
|
| Gross profit | $294.8m |
$298.1m
+1.11%
|
$369.4m
+23.91%
|
$374.9m
+1.50%
|
$270.5m
-27.85%
|
$419.1m
+54.92%
|
$433.9m
+3.54%
|
$370.4m
-14.64%
|
$353.1m
-4.66%
|
$363.6m
+2.96%
|
$373.8m
+2.82%
|
|
| Selling, general and administrative | $240.8m | $254.9m | $307.2m | $331.9m | $256.7m | $301.6m | $313.5m | $315.7m | $333.1m | $333.8m | $337.3m | |
| Operating income | $54.0m |
$43.2m
-19.97%
|
$62.2m
+43.97%
|
$43.0m
-30.88%
|
($142.1m)
-430.60%
|
$117.5m
+182.67%
|
$120.4m
+2.44%
|
$54.7m
-54.55%
|
$20.0m
-63.41%
|
$29.8m
+49.03%
|
$36.6m
+22.54%
|
|
| Interest expense | ($1.5m) | ($1.5m) | ($771k) | ($930k) | ($2.0m) | ($688k) | ($518k) | ($497k) | ($489k) | ($507k) | $498k | |
| Other income, net | — | — | $0 | $0 | $342k | $530k | $2.1m | $6.0m | $7.1m | $5.0m | $5.2m | |
| Income before income taxes | $51.5m | $42.1m | $61.7m | $57.5m | ($142.4m) | $117.3m | $121.9m | $60.2m | $26.7m | $34.4m | $41.3m | |
| Provision for income taxes (Note 12) | $16.3m | $57.4m | $162k | $15.1m | ($31.2m) | $24.8m | $24.9m | $12.7m | $7.4m | $7.5m | — | |
| Net income | $35.1m |
($15.2m)
-143.33%
|
$61.6m
+504.41%
|
$42.4m
-31.17%
|
($111.2m)
-362.38%
|
$92.6m
+183.24%
|
$97.0m
+4.82%
|
$47.5m
-51.00%
|
$19.2m
-59.59%
|
$26.9m
+39.87%
|
$32.1m
+19.33%
|
|
| Net income attributable to Movado Group, Inc. | $35.1m | ($15.2m) | $61.6m | $42.7m | ($111.5m) | $91.6m | $94.5m | $46.7m | $18.4m | $26.6m | $32.1m | |
| Net income per share attributable to Movado Group, Inc. | $2 | ($1) | $3 | $2 | ($5) | $4 | $4 | $2 | $1 | $1 | — | |
| Less: Net income attributable to noncontrolling interest | $78k | $0 | ($53k) | ($320k) | $324k | $960k | $2.5m | $830k | $845k | $316k | — | |
| Weighted basic average shares outstanding | 23.1m | 23.1m | 23.2m | 23.1m | 23.2m | 23.2m | 22.5m | 22.2m | 22.3m | 22.2m | — | |
| Weighted diluted average shares outstanding | 23.3m | 23.1m | 23.6m | 23.3m | 23.2m | 23.7m | 23.0m | 22.6m | 22.6m | 22.6m | — |