By Will Feuer Shares of Movado declined after the watchmaker reported a drop in third-quarter sales and cut its full-year outlook ahead of the holiday.
Movado Group Inc shares fell more than 10% Thursday morning after the watch retailer’s declining sales led to a downward revision in guidance. The company.
~ Net Sales of $187.7 million ~
~ Operating Income of $20.7 million; Adjusted Operating Income of $21.1 million ~
~ EPS of $0.77 and Adjusted EPS of $0.78 ~
~ Company Updates Fiscal 2024.
By Will Feuer Shares of Movado Group fell in premarket trading Thursday after the watch conglomerate reported a drop in quarterly sales and cut its outlook.