Filing Flows › Movado Group (MOV) › Q1 FY27 › vs Q4 FY26
Movado Group (MOV) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Movado Group's revenue fell $49.2M (-26%) from $192M in Q4 FY26 to $142M in Q1 FY27. The biggest changes: Watch and Accessory Brands −$31.4M (-20%); Company Stores −$17.8M (-49%). Gross margin 57.3% against 54.1% (+3.2 pts).
Movado Group, Q1 FY27: revenue $142M (+8% year over year), operating margin 4.9%, net earnings $6.9M, operating cash flow $7.0M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 57.3% | 54.1% | +3.2 pts |
| Operating margin | 4.9% | 7.2% | -2.3 pts |
| Net margin | 4.9% | 6.6% | -1.7 pts |
| Free cash flow margin | 4.1% | 29.1% | -25.0 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Watch and Accessory Brands | $124M | $155M | −$31.4M | -20% |
| Company Stores | $18.7M | $36.5M | −$17.8M | -49% |
| Revenue | $142M | $192M | −$49.2M | -26% |
| Gross profit | $81.6M | $104M | −$22.0M | -21% |
| Cost of revenue | $60.8M | $87.9M | −$27.1M | -31% |
| Other income, net | $1.9M | $574K | $1.3M | +224% |
| Operating profit | $7.0M | $13.8M | −$6.8M | -49% |
| Operating expenses | $74.6M | $89.8M | −$15.2M | -17% |
| Pre-tax earnings | $8.9M | $14.4M | −$5.5M | -38% |
| Loss borne by minority interests | $4K | −$226K | $230K | — |
| Net earnings | $6.9M | $12.6M | −$5.6M | -45% |
| Income tax | $1.9M | $1.6M | $357K | +22% |
| Depreciation & amortization | $2.3M | $2.4M | −$65K | -3% |
| Share-based compensation | $1.1M | $1.6M | −$553K | -34% |
| Working capital & other | $3.4M | −$40.1M | $43.4M | — |
| Operating cash flow | $7.0M | $56.7M | −$49.7M | -88% |
| Free cash flow (OCF − capex) | $5.8M | $55.7M | −$49.9M | -90% |
| Capital expenditures | $1.2M | $1.0M | $154K | +15% |
Questions
How much did Movado Group's revenue grow quarter over quarter in Q1 FY27?
Movado Group's revenue fell $49.2M (-26%) from $192M in Q4 FY26 to $142M in Q1 FY27.
What drove Movado Group's revenue change in Q1 FY27?
Watch and Accessory Brands −$31.4M (-20%); Company Stores −$17.8M (-49%).