Movado Group Full Year 2023 Earnings: Beats Expectations
Movado Group (NYSE:MOV) Full Year 2023 Results
Key Financial Results
Revenue: US$751.9m (up 2.7% from FY 2022).
Net income: US$94.5m (up 3.2% from FY 2022).
Profit margin: 13% (in line with FY 2022).
EPS: US$4.20 (up from US$3.95 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Movado Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company's shares are down 16% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with Movado Group (including 2 which make us uncomfortable).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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