MOVADO GROUP, INC.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $568.0M | $552.8M | $594.9M | $587.0M | $338.6M | $269.3M | $223.3M | $382.2M |
| Cost of Revenue | $269.9M | $257.9M | $278.0M | $277.0M | $265.0M | $227.6M | $211.8M | $199.2M |
| Gross Profit | $298.1M | $294.8M | $316.9M | $310.0M | $305.3M | $277.9M | $256.3M | $183.0M |
| Gross Margin | 52.5% | 53.3% | 53.3% | 52.8% | 90.2% | 103.2% | 114.8% | 47.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $254.9M | $240.8M | $246.8M | $238.5M | $237.5M | $228.5M | $222.8M | $195.1M |
| Operating Income | $43.2M | $54.0M | $70.1M | $71.5M | $67.7M | $49.3M | $33.6M | $-12.1M |
| Operating Margin | 7.6% | 9.8% | 11.8% | 12.2% | 20.0% | 18.3% | 15.0% | -3.2% |
| Interest Expense | $1.5M | $1.5M | $1.1M | $489.0K | $436.0K | $434.0K | $1.3M | $2.2M |
| Pretax Income | $42.1M | $51.5M | $69.1M | $71.2M | $68.9M | $49.1M | $33.2M | $-14.0M |
| Income Tax Expense | $57.4M | $16.3M | $23.4M | $19.3M | $17.4M | $-8.8M | $604.0K | $8.8M |
| Net Income | $-15.2M | $35.1M | $45.1M | $51.8M | $50.9M | $57.1M | $32.0M | $-47.2M |
| Net Margin | -2.7% | 6.3% | 7.6% | 8.8% | 15.0% | 21.2% | 14.3% | -12.3% |
| EPS (Basic) | $-0.66 | $1.52 | $1.92 | $2.05 | $1.99 | $2.26 | $1.28 | $-1.91 |
| EPS (Diluted) | $-0.66 | $1.51 | $1.90 | $2.02 | $1.97 | $2.22 | $1.27 | $-1.91 |
| Shares Outstanding (Basic) | 23.1M | 23.1M | 23.5M | 25.3M | 25.5M | 25.3M | 24.9M | 24.8M |
| Shares Outstanding (Diluted) | 23.1M | 23.3M | 23.8M | 25.6M | 25.8M | 25.7M | 25.1M | 24.8M |
| Dividends Per Share | $0.52 | $0.52 | $0.44 | $0.40 | $0.26 | $1.45 | $0.12 | — |