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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Income Statement [Abstract]        
Net sales $ 182,727 $ 187,686 $ 478,709 $ 492,981
Cost of sales 84,331 85,358 218,435 219,364
Gross profit 98,396 102,328 260,274 273,617
Selling, general and administrative 91,846 81,636 247,383 232,378
Operating income [1] 6,550 20,692 12,891 41,239
Non-operating income/(expense):        
Other income, net 1,522 1,632 5,571 4,194
Interest expense (144) (135) (372) (361)
Income before income taxes 7,928 22,189 18,090 45,072
Provision for income taxes (Note 10) 2,495 4,519 5,733 9,938
Net income 5,433 17,670 12,357 35,134
Less: Net income attributable to noncontrolling interests 383 281 695 568
Net income attributable to Movado Group, Inc. $ 5,050 $ 17,389 $ 11,662 $ 34,566
Basic income per share:        
Weighted basic average shares outstanding 22,283 22,209 22,280 22,222
Net income per share attributable to Movado Group, Inc. $ 0.23 $ 0.78 $ 0.52 $ 1.56
Diluted income per share:        
Weighted diluted average shares outstanding 22,559 22,677 22,627 22,641
Net income per share attributable to Movado Group, Inc. $ 0.22 $ 0.77 $ 0.52 $ 1.53
[1] The operating (loss)/income in the United States and International locations of the Watch and Accessory Brands segment included a pre-tax charge of $1.5 million and $1.2 million, respectively, related to the Company’s cost-savings initiative for the three and nine months ended October 2024.