MOVADO GROUP, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $671.3M | $653.4M | $664.4M | $744.2M | $732.4M | $506.4M | $701.0M | $679.6M |
| Cost of Revenue | $307.7M | $300.2M | $300.2M | $315.1M | $313.3M | $235.9M | $326.1M | $310.2M |
| Gross Profit | $363.6M | $353.1M | $364.2M | $429.1M | $419.1M | $270.5M | $374.9M | $369.4M |
| Gross Margin | 54.2% | 54.0% | 54.8% | 57.7% | 57.2% | 53.4% | 53.5% | 54.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $333.8M | $333.1M | $315.7M | $313.5M | $301.6M | $256.7M | $331.9M | $307.2M |
| Operating Income | $29.8M | $20.0M | $48.5M | $115.6M | $117.5M | $-142.1M | $43.0M | $62.2M |
| Operating Margin | 4.4% | 3.1% | 7.3% | 15.5% | 16.0% | -28.1% | 6.1% | 9.2% |
| Interest Expense | $507.0K | $489.0K | $497.0K | $518.0K | $688.0K | $2.0M | $930.0K | $771.0K |
| Pretax Income | $34.4M | $26.7M | $54.0M | $117.1M | $117.3M | $-142.4M | $57.5M | $61.7M |
| Income Tax Expense | $7.5M | $7.4M | $11.8M | $24.3M | $24.8M | $-31.2M | $15.1M | $162.0K |
| Net Income | $26.6M | $18.4M | $41.3M | $90.4M | $91.6M | $-111.5M | $42.7M | $61.6M |
| Net Margin | 4.0% | 2.8% | 6.2% | 12.1% | 12.5% | -22.0% | 6.1% | 9.1% |
| EPS (Basic) | $1.19 | $0.82 | $1.86 | $4.02 | $3.95 | $-4.80 | $1.85 | $2.66 |
| EPS (Diluted) | $1.17 | $0.81 | $1.83 | $3.94 | $3.87 | $-4.80 | $1.83 | $2.61 |
| Shares Outstanding (Basic) | 22.2M | 22.3M | 22.2M | 22.5M | 23.2M | 23.2M | 23.1M | 23.2M |
| Shares Outstanding (Diluted) | 22.6M | 22.6M | 22.6M | 23.0M | 23.7M | 23.2M | 23.3M | 23.6M |
| Dividends Per Share | $1.40 | $1.40 | $2.40 | $1.40 | — | — | — | $0.80 |