Movado Group sales and operating profit soar in Q2

Movado Group has announced its Q2 FY27 earnings, with net sales reaching $169.8 million.

This number represents a +4.9% increase year-on-year (YoY), or +4.4% on a constant-dollar basis.

Meanwhile, operating profit rose +271% to $14.9 million on a YoY basis.

Chairman and CEO Efraim Grinberg attributed the strong quarter to widespread growth across both owned and licensed brands, direct and wholesale channels, and key geographic markets led by the US and Europe. 

In terms of the outlook for the second half of FY27 2027, Movado Group’s management anticipates mid-single-digit top-line growth.