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Movado Group (MOV) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Aug 26, 2026 · Movado Group (MOV) Q2 FY27 earnings results →
Q2 FY27 Revenue up 5% year over year to $170M · 7¢ of every $1 of revenue kept as net profit · operating margin 8.8%
Movado Group made $170M in Q2 FY27 (+5% Y/Y): Watch and Accessory Brands $143M, Company Stores $26.9M. Operating margin 8.8%, net earnings $12.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 26, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $169.8M in Q2 FY27, up 5% year over year and up 19% from the previous quarter. Watch and Accessory Brands was the largest line at 84% of revenue. Watch and Accessory Brands added $7.2M year over year (up 5%), 91% of the total change.
Gross margin was 59.4%, up 5.3 points from Q2 FY26. Operating profit was $14.9M, a 8.8% margin (up 6.3 points year over year). Of the extra revenue versus Q2 FY26, 137% reached operating profit, above the 2% margin then. Operating expenses grew 3% against revenue growth of 5%. Net earnings were $12.3M, up 312% year over year. The effective tax rate was 22.1%.
Operating cash flow was −$417K. Non-cash charges added back $2.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $16.6M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$1.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Aug 26, 2026 | $170M | +5% | 8.8% | $12.3M | −$417K |
| Q1 FY27 | 10-Q | May 27, 2026 | $142M | +8% | 4.9% | $6.9M | $7.0M |
| Q4 FY26 | 10-K | Mar 19, 2026 | $192M | +6% | 7.2% | $12.6M | $56.7M |
| Q3 FY26 | 10-Q | Nov 25, 2025 | $186M | +3% | 6.3% | $9.6M | $12.3M |
| Q2 FY26 | 10-Q | Aug 28, 2025 | $162M | +3% | 2.5% | $3.0M | −$3.8M |
| Q1 FY26 | 10-Q | May 29, 2025 | $132M | -2% | 0.2% | $1.4M | −$7.2M |
| Q4 FY25 | 10-K | Apr 16, 2025 | $181M | +3% | 5.1% | $8.1M | $39.1M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Movado Group
In this Form 10-K, all references to the “Company,” “Movado Group,” “we,” “us” or “our” include Movado Group, Inc. and its subsidiaries, unless the context requires otherwise. The Company’s common stock is traded on the NYSE under the trading symbol MOV. Movado Group designs, sources, markets and distributes quality watches globally. Its portfolio of watch brands is currently comprised of owned brands MOVADO ® , CONCORD ® , EBEL ® , OLIVIA BURTON ® and MVMT ® as well as licensed brands COACH ® , TOMMY HILFIGER ® , HUGO BOSS ® , LACOSTE ® , CALVIN KLEIN ® and KATE SPADE NEW YORK ® . The Company is a leader in the design, development, marketing and distribution of watch brands sold in almost every major category comprising the watch industry. The Company also designs, sources, markets and distributes jewelry and other accessories under most of its brands.
In its own words, from its 10-K, filed Mar 19, 2026.
Movado Group against its Watches, Clocks, Clockwork Operated Devices/Parts peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MOV Movado Group | Q2 FY27 | $170M | +5% | 8.8% |
| FOSL Fossil Group | Q2 2026 | $210M | -5% | 1.5% |
Source: Movado Group 10-Q on SEC EDGAR · CIK 72573 · Watches, Clocks, Clockwork Operated Devices/Parts
13F: who owns MOV and who is buying
More on MOV
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results