v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Jul. 31, 2026
Jul. 31, 2025
Income Statement [Abstract]        
Net sales $ 169,752 $ 161,829 $ 312,154 $ 293,598
Cost of sales 68,927 74,264 129,736 134,683
Gross profit 100,825 [1] 87,565 [1] 182,418 [2] 158,915 [2]
Selling, general and administrative 85,947 83,558 160,525 154,617
Operating income 14,878 [3],[4] 4,007 [3],[4] 21,893 [5],[6] 4,298 [5],[6]
Non-operating income/(expense):        
Other income, net 1,255 1,202 3,216 2,962
Interest expense (108) (110) (210) (221)
Income before income taxes 16,025 5,099 24,899 7,039
Provision for income taxes (Note 10) 3,535 1,961 5,483 2,621
Net income 12,490 3,138 19,416 4,418
Less: Net income attributable to noncontrolling interests 191 152 187 12
Net income attributable to Movado Group, Inc. $ 12,299 $ 2,986 $ 19,229 $ 4,406
Basic income per share:        
Weighted basic average shares outstanding 22,347 22,286 22,271 22,276
Net income per share attributable to Movado Group, Inc. $ 0.55 $ 0.13 $ 0.86 $ 0.2
Diluted income per share:        
Weighted diluted average shares outstanding 23,085 22,571 22,924 22,479
Net income per share attributable to Movado Group, Inc. $ 0.53 $ 0.13 $ 0.84 $ 0.2
[1] The Gross profit in the Watch and Accessory Brands segment for the three months ended July 31, 2026 included $3.2 million of IEEPA duty refunds received.
[2] The Gross profit in the Watch and Accessory Brands segment for the six months ended July 31, 2026 included $3.2 million of IEEPA duty refunds received.
[3] The operating income/(loss) in the Watch and Accessory Brands Segment included $13.9 million and $10.7 million of unallocated corporate expenses for the three months ended July 31, 2026 and 2025, respectively, and $14.6 million and $14.6 million of certain intercompany profits related to the Company's supply chain operations for the three months ended July 31, 2026 and 2025, respectively.
[4] The operating income/(loss) in the Watch and Accessory Brands segment for the three months ended July 31, 2026 and 2025, included a pre-tax charge of $0.2 million and $2.1 million, respectively, related to the investigation of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income/(loss) in the Watch and Accessory Brands segment for the three months ended July 31, 2025, included a pre-tax charge of $0.9 million related to the Company's cost-savings initiative.
[5] The operating income/(loss) in the Watch and Accessory Brands Segment included $25.4 million and $18.7 million of unallocated corporate expenses for the six months ended July 31, 2026 and 2025, respectively, and $27.5 million and $28.6 million of certain intercompany profits related to the Company's supply chain operations for the six months ended July 31, 2026 and 2025, respectively.
[6] The operating income/(loss) in the Watch and Accessory Brands segment for the six months ended July 31, 2026 and 2025, included a pre-tax charge of $0.7 million and $2.1 million, respectively, related to the investigation of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income/(loss) in the Watch and Accessory Brands segment for the six months ended July 31, 2025, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative.