Movado Third Quarter Sales Flat

Highlights of Movado’s third quarter (ended Oct. 31)
results:

  • Net Sales: $123 million; excluding excess discontinued
    product sales of $8.4 million in the prior year quarter net sales up
    approximately 7 percent.
  • Gross profit: $68.6 million, up 21 percent
  • Net income: $16.9 million, compared to $21 million net loss
    last year
  • Year-to-date net sales: $281.2 million, up 5.1 percent
  • Year-to-date gross profit: $154.3 million, compared with
    $135.9 million last year
  • Year-to-date net loss: $13.6 million, down from $31.1
    million last year

For more information on Movado’s financial
statement, click here.