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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Income Statement [Abstract]    
Net sales $ 131,769 $ 134,379
Cost of sales 60,419 61,459
Gross profit 71,350 72,920
Selling, general and administrative 71,059 70,802
Operating income [1],[2] 291 2,118
Non-operating income/(expense):    
Other income, net 1,760 2,172
Interest expense (111) (118)
Income before income taxes 1,940 4,172
Provision for income taxes (Note 10) 660 2,033
Net income/(loss) 1,280 2,139
Less: Net (loss)/income attributable to noncontrolling interests (140) 124
Net income/(loss) attributable to Movado Group, Inc. $ 1,420 $ 2,015
Basic income per share:    
Weighted basic average shares outstanding 22,267 22,253
Net income per share attributable to Movado Group, Inc. $ 0.06 $ 0.09
Diluted income/(loss) per share:    
Weighted diluted average shares outstanding 22,499 22,673
Net income per share attributable to Movado Group, Inc. $ 0.06 $ 0.09
[1] The operating income in the Watch and Accessory Brands Segment included $8.0 million and $9.5 million of unallocated corporate expenses for the three months ended April 30, 2025 and 2024, respectively, and $14.0 million and $14.2 million of certain intercompany profits related to the Company's supply chain operations for the three months ended April 30, 2025 and 2024, respectively.
[2] The operating loss in the Watch and Accessory Brands segment included a pre-tax charge of $0.6 million related to the Company's cost-savings initiative for the three months ended April 30, 2025.

 

 

 

Total Assets

 

 

Capital Expenditures

 

 

 

April 30,
 2025

 

 

January 31,
 2025

 

 

April 30,
 2024

 

 

April 30,
 2025

 

 

April 30,
 2024

 

 

 

 

 

 

 

 

 

(As Restated)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Watch and Accessory Brands

 

$

685,095

 

 

$

668,403

 

 

$

675,619

 

 

$

1,103

 

 

$

1,029

 

Company Stores

 

 

62,083

 

 

 

60,828

 

 

 

60,376

 

 

 

430

 

 

 

595

 

Consolidated total

 

$

747,178

 

 

$

729,231

 

 

$

735,995

 

 

$

1,533

 

 

$

1,624