Filing Flows › Movado Group (MOV) › Q1 FY27
Movado Group (MOV) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 27, 2026
Movado Group (MOV) reported revenue of $142M for the first quarter fiscal 2027 (Q1 FY27), +8% from a year earlier and -26% from the quarter before. Operating margin was 4.9%, net earnings $6.9M (4.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $142M | -26% | +8% |
| Gross profit | $81.6M | -21% | +14% |
| Operating profit | $7.0M | -49% | 24× |
| Net earnings | $6.9M | -45% | +388% |
| Operating cash flow | $7.0M | -88% | — |
| Free cash flow | $5.8M | -90% | — |
What changed
Revenue was $142.4M in Q1 FY27, up 8% year over year and down 26% from the previous quarter. Watch and Accessory Brands was the largest line at 87% of revenue. Watch and Accessory Brands added $8.9M year over year (up 8%), 84% of the total change.
Gross margin was 57.3%, up 3.1 points from Q1 FY26. Operating profit was $7.0M, a 4.9% margin (up 4.7 points year over year). Of the extra revenue versus Q1 FY26, 63% reached operating profit, above the 0% margin then. Operating expenses grew 5% against revenue growth of 8%. Net earnings were $6.9M, up 388% year over year. The effective tax rate was 22.0%. Non-operating items added $1.9M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.0M, 100% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $1.2M left free cash flow of $5.8M.
Questions
What was Movado Group's revenue in the first quarter fiscal 2027?
Movado Group (MOV) reported revenue of $142M for the first quarter fiscal 2027 (Q1 FY27), +8% from a year earlier and -26% from the quarter before.
Was Movado Group profitable in the first quarter fiscal 2027?
Operating profit was $7.0M (4.9% of revenue) and net earnings $6.9M.
Source: Movado Group 10-Q on SEC EDGAR.