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Get filing alertsMovado Group reports Q2 FY2027 EPS of $0.53, up from $0.13, on 4.9% sales growth
Filed August 26, 2026 · Period ending August 26, 2026 · ~1 min read
Key Changes
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high
Q2 FY2027 net sales rose 4.9% to $169.8M; diluted EPS jumped to $0.53 from $0.13 year-over-year, driven by gross margin expansion to 59.4% from 54.1%.
Exhibit 99.1 view on EDGAR → -
high
Gross margin included 190 basis points from $3.2M in IEEPA duty refunds; company is pursuing ~$10M in total refunds for duties paid on inventory sold Feb-May 2026.
Exhibit 99.1 view on EDGAR → -
medium
Board declared $0.40 quarterly dividend payable Sept 22, 2026, to shareholders of record Sept 8, 2026; company ended quarter with $211.6M cash and no debt.
Exhibit 99.1 view on EDGAR → -
high
Company expects mid-single-digit topline growth and 55%-56% gross margin for H2 FY2027, excluding additional IEEPA refunds; discontinued annual guidance to focus on long-term strategy.
Exhibit 99.1 view on EDGAR →
Summary
Movado Group reported strong second quarter fiscal 2027 results, with net sales of $169.8 million (up 4.9% year-over-year) and diluted EPS of $0.53 (up from $0.13). The quarter's gross margin expanded 530 basis points to 59.4%, including a 190-basis-point benefit from $3.2 million in IEEPA duty refunds.
The company is pursuing approximately $10 million in total refunds for duties previously paid on inventory sold between February 2025 and May 2026. Adjusted for the refund, gross margin was 57.5%, still up 340 basis points year-over-year, reflecting broad-based growth across owned and licensed brands, direct and wholesale channels, and key geographies.
The Board declared a $0.40 quarterly dividend, and the company ended the quarter with $211.6 million in cash and no debt. For the second half of fiscal 2027, management expects mid-single-digit topline growth and gross margin of 55% to 56%, excluding any additional IEEPA refunds. The company discontinued providing annual guidance to focus on long-term strategy execution. Retail investors should note that the IEEPA refunds provided a meaningful one-time boost to Q2 margins and EPS; the underlying business performance, while improved, is better reflected in the adjusted 57.5% gross margin and the H2 guidance range.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Movado Group announced Q2 FY2027 financial results for the period ended July 31, 2026.
Added in current filing · verify on EDGAR →
On August 26, 2026, Movado Group, Inc. issued a press release announcing second quarter results for the period ended July 31, 2026.
Movado Group disclosed its second quarter fiscal 2027 financial results for the period ended July 31, 2026. The 8-K filing itself does not contain the actual financial figures; those are in the attached press release (Exhibit 99.1), which was not provided in the input text.
Event · Exhibit 99.1
Movado Group reported Q2 FY2027 results with net sales of $169.8M, EPS of $0.53, and a $0.40 quarterly dividend; results include $3.2M in IEEPA duty refunds.
Added in current filing · view on EDGAR →
Net sales of $169.8 million versus $161.8 million in the second quarter of fiscal 2026; ... Gross margin of 59.4%, or 57.5% excluding $3.2 million of IEEPA duty refunds, compared to 54.1% in the second quarter of fiscal 2026; ... Operating income of $14.9 million compared to $4.0 million in the second quarter of fiscal 2026; ... Adjusted operating income of $15.1 million compared to $7.0 million in the second quarter of fiscal 2026; ... Diluted earnings per share of $0.53 compared to $0.13 in the second quarter of fiscal 2026; ... Adjusted diluted earnings per share of $0.54 compared to $0.23 in the second quarter of fiscal 2026
Movado Group reported second quarter fiscal 2027 net sales of $169.8 million, up 4.9% year-over-year. Gross margin expanded 530 basis points to 59.4%, including 190 basis points from IEEPA duty refunds. Operating income increased to $14.9 million from $4.0 million, while adjusted operating income rose to $15.1 million from $7.0 million. Diluted EPS improved to $0.53 from $0.13, and adjusted diluted EPS increased to $0.54 from $0.23. Results reflect broad-based growth across owned and licensed brands, direct and wholesale channels, and key geographies.
Added in current filing · view on EDGAR →
The Company is pursuing refunds of approximately $10.0 million for the International Emergency Economic Powers Act (“IEEPA”) duties previously paid and expects to recover these amounts. As of July 31, 2026, the Company received $3.3 million in cash in respect of the refunds, including $0.1 million in interest. The underlying IEEPA duty amounts were recognized in cost of sales within the Company’s Consolidated Statements of Operations for inventory sold between February 2025 and May 2026. The $3.2 million IEEPA duty refund was reflected as a benefit to cost of sales in the second quarter of fiscal 2027, while the $0.1 million interest payment was reflected in other income, net.
Movado Group received $3.3 million in IEEPA duty refunds during the second quarter, including $3.2 million reflected as a benefit to cost of sales and $0.1 million in interest. The company is pursuing approximately $10.0 million in total refunds for duties previously paid on inventory sold between February 2025 and May 2026. The $3.2 million refund contributed 190 basis points to the quarter's gross margin improvement and $0.11 to diluted EPS.
Added in current filing · view on EDGAR →
on August 26, 2026, the Board of Directors declared the payment on September 22, 2026, of a cash dividend in the amount of $0.40 for each share of the Company’s outstanding common stock and class A common stock held by shareholders of record as of the close of business on September 8, 2026.
The Board of Directors declared a quarterly cash dividend of $0.40 per share, payable September 22, 2026, to shareholders of record as of September 8, 2026. This represents continued capital return to shareholders alongside the company's share repurchase program.
Added in current filing · view on EDGAR →
The quarter ended with $211.6 million in cash and no debt. ... During the first six months of fiscal 2027, the Company repurchased 61,000 shares under its December 5, 2024, share repurchase program. As of July 31, 2026, the Company had $44.6 million remaining available under the share repurchase program.
Movado Group ended the quarter with $211.6 million in cash and no debt. The company repurchased 61,000 shares during the first half of fiscal 2027, with $44.6 million remaining under its share repurchase authorization. Year-to-date dividend payments totaled $16.6 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify