Movado Group, Inc. reported earnings results for the third quarter and nine months ended October 31, 2024. For the third quarter, the company reported sales was USD 182.73 million compared to USD 187.69 million a year ago. Sales was USD 182.73 million compared to USD 187.69 million a year ago. Net income was USD 5.05 million compared to USD 17.39 million a year ago. Net income was USD 5.05 million compared to USD 17.39 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.77 a year ago.
For the nine months, sales was USD 478.71 million compared to USD 492.98 million a year ago. Sales was USD 478.71 million compared to USD 492.98 million a year ago. Net income was USD 11.66 million compared to USD 34.57 million a year ago. Net income was USD 11.66 million compared to USD 34.57 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 1.56 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 1.53 a year ago.