Paramus, N.J. — August 26, 2026 — Movado Group, Inc. (NYSE: MOV) reported a sharply improved second quarter for fiscal 2027, with net sales climbing 4.9% to $169.8 million and diluted earnings per share more than quadrupling to $0.53, up from $0.13 a year earlier. The New Jersey-based watch and accessories company, whose portfolio leans heavily on licensed fashion and apparel names, credited broad-based gains across its owned and licensed brands, direct and wholesale channels, and its U.S. and European markets for the improvement.
Fashion Brand Portfolio in Focus
Movado’s business model rests on a mix of owned watch brands and licensing arrangements with several major apparel and fashion houses. The company designs, sources, and distributes timepieces under its own Movado, MVMT, Olivia Burton, Ebel, and Concord labels, alongside licensed watches for Calvin Klein, Coach, Tommy Hilfiger, Hugo Boss, and Lacoste — all established names in the apparel and fashion-accessories space. Chairman and CEO Efraim Grinberg singled out momentum in the company’s fashion watch and jewelry lines, particularly smaller-sized watches and “distinctive shapes,” as a theme the company intends to build on heading into the second half of the year. No footwear brands or products were referenced anywhere in the release; Movado’s licensed portfolio and disclosures remain confined to watches, jewelry, and related accessories.
Apparel-Licensed Brand Share and Performance
Movado does not break out net sales by individual brand in its quarterly disclosures, so the company does not report a specific revenue share or growth rate for its apparel-licensed watch lines (Calvin Klein, Coach, Tommy Hilfiger, Hugo Boss, and Lacoste) versus its owned brands. At the consolidated level, the company said the 4.9% net sales increase — 4.4% on a constant-currency basis — reflected “broad-based increases across the Company’s owned and licensed brands, our direct and wholesale channels, and key geographies led by the U.S. and Europe,” with the U.S. and international markets each up 4.9% year over year. Management also pointed to strength in fashion watch and jewelry styles, particularly smaller-sized watches and distinctive shapes, as a driver it expects to continue into the third quarter, though without isolating how much of that came from the apparel-licensed names specifically.
Margin Expansion and Tariff Relief
Gross margin expanded 530 basis points to 59.4% of net sales, from 54.1% a year ago. Of that improvement, roughly 190 basis points, or $3.2 million, came from refunds tied to duties paid under the International Emergency Economic Powers Act (IEEPA) — import tariffs that have weighed on apparel-adjacent and fashion goods importers more broadly. Even stripping out the refund, adjusted gross margin still rose to 57.5%, reflecting favorable channel and product mix that offset higher shipping costs. The company said it is pursuing roughly $10 million in total IEEPA duty refunds and has recovered $3.3 million so far.
Movado said it will no longer issue a formal annual outlook, opting instead to focus on execution of its long-term strategy. For the second half of fiscal 2027, management guided to mid-single-digit topline growth and gross margin in the 55%–56% range, excluding any further IEEPA refunds — a signal that some of the tariff-related tailwind seen this quarter is not expected to repeat at the same scale.