Movado Q2 FY27: Net income +312% to $12.3M on operating leverage, tariff refund, lower tax rate

Filed August 26, 2026 · Period ending July 31, 2026 · Compared to 10-Q Aug 28, 2025 · ~2 min read

Key Changes

• high

  Net income surged 312% to $12.3M ($0.53 diluted EPS, +308%) on 4.9% revenue growth to $169.8M, driven by operating income rising 271% to $14.9M, a $3.2M IEEPA tariff refund, and effective tax rate falling 1,520 bp to 22.0%.

  MD&A: Consolidated Results verify on EDGAR →
• high

  Material weakness in Dubai branch risk assessment and segregation of duties has been remediated; disclosure controls now deemed effective, removing a significant control deficiency present in the prior year.

  Controls & Procedures verify on EDGAR →
• high

  SEC Enforcement Division opened a voluntary document request in April 2025 regarding a prior-year restatement; the company is cooperating.

  Legal Proceedings verify on EDGAR →