Filing Flows › Movado Group (MOV) › Q2 FY27 › vs Q1 FY27
Movado Group (MOV) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Movado Group's revenue rose $27.4M (+19%) from $142M in Q1 FY27 to $170M in Q2 FY27. The biggest changes: Watch and Accessory Brands +$19.2M (+15%); Company Stores +$8.2M (+44%). Gross margin 59.4% against 57.3% (+2.1 pts).
Movado Group, Q2 FY27: revenue $170M (+5% year over year), operating margin 8.8%, net earnings $12.3M, operating cash flow −$417K. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 59.4% | 57.3% | +2.1 pts |
| Operating margin | 8.8% | 4.9% | +3.8 pts |
| Net margin | 7.2% | 4.9% | +2.4 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Watch and Accessory Brands | $143M | $124M | $19.2M | +15% |
| Company Stores | $26.9M | $18.7M | $8.2M | +44% |
| Revenue | $170M | $142M | $27.4M | +19% |
| Gross profit | $101M | $81.6M | $19.2M | +24% |
| Cost of revenue | $68.9M | $60.8M | $8.1M | +13% |
| Other income, net | $1.1M | $1.9M | −$712K | -38% |
| Operating profit | $14.9M | $7.0M | $7.9M | +112% |
| Operating expenses | $85.9M | $74.6M | $11.4M | +15% |
| Pre-tax earnings | $16.0M | $8.9M | $7.2M | +81% |
| Net earnings | $12.3M | $6.9M | $5.4M | +77% |
| Minority interests | $191K | −$4K | $195K | — |
| Income tax | $3.5M | $1.9M | $1.6M | +81% |
| Operating cash sources | $16.4M | $3.4M | $13.0M | +387% |
| Depreciation & amortization | $2.2M | $2.3M | −$84K | -4% |
| Share-based compensation | $1.4M | $1.1M | $360K | +33% |
| Cash used in operations | $417K | −$7.0M | $7.4M | — |
| Working capital & other | $16.4M | $3.4M | $13.0M | +387% |
Questions
How much did Movado Group's revenue grow quarter over quarter in Q2 FY27?
Movado Group's revenue rose $27.4M (+19%) from $142M in Q1 FY27 to $170M in Q2 FY27.
What drove Movado Group's revenue change in Q2 FY27?
Watch and Accessory Brands +$19.2M (+15%); Company Stores +$8.2M (+44%).