Movado Group designs, develops, sources, markets, and distributes fine watches. The Company operates in two segments, Wholesale and Retail. It offers its watches under the Ebel, Concord, Movado, ESQ Movado, Coach, HUGO BOSS, Juicy Couture, Lacoste, Tommy Hilfiger, and SCUDERIA FERRARI brands. The Company also provides after-sales and shipping service. It sells watches through its retail outlets, as well as through jewelry store chains, department stores and a network of independent distributors.

Employee Rating

3.3More
TypePublic
HQParamus, US
Founded1881
Size (employees)1,000 (est)-9%
Websitemovadogroup.com
Movado Group was founded in 1881 and is headquartered in Paramus, US
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Movado Group Office Locations

Movado Group has an office in Paramus
Paramus, US (HQ)
650 From Rd., Ste. 375
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Movado Group Financials and Metrics

Movado Group Revenue

Movado Group's revenue was reported to be $567.95 m in FY, 2018
USD

Revenue (Q2, 2019)

144.1m

Gross profit (Q2, 2019)

77.8m

Gross profit margin (Q2, 2019), %

54%

EBIT (Q2, 2019)

12.9m

Market capitalization (14-Nov-2018)

898.0m

Closing stock price (14-Nov-2018)

38.8

Cash (31-Jul-2018)

175.6m
Movado Group's current market capitalization is $898 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

570.3m587.0m594.9m552.8m568.0m

Revenue growth, %

3%

Cost of goods sold

265.0m277.0m278.0m257.9m269.9m

Gross profit

305.3m310.0m316.9m294.8m298.1m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

189.7m120.9m143.6m188.6m120.5m145.6m185.6m114.1m128.1m179.8m99.3m128.8m190.7m127.1m144.1m

Cost of goods sold

88.4m55.8m66.0m88.7m58.0m66.5m85.5m52.7m57.8m81.3m50.1m62.7m86.6m59.6m66.3m

Gross profit

101.3m65.2m77.6m99.8m62.4m79.0m100.1m61.3m70.3m98.6m49.1m66.1m104.1m67.5m77.8m

Gross profit Margin, %

53%54%54%53%52%54%54%54%55%55%50%51%55%53%54%
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

71.0m103.0m182.2m167.9m157.7m199.9m228.2m256.3m214.8m

Accounts Receivable

71.0m66.8m83.1m

Inventories

181.3m170.8m162.5m153.2m151.7m

Current Assets

485.3m485.3m489.0m504.8m481.6m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

51.5m51.9m45.8m35.1m

Depreciation and Amortization

12.2m12.5m13.2m11.5m13.5m

Inventories

(19.1m)4.5m(3.1m)7.4m6.6m

Accounts Payable

11.6m(5.4m)774.0k(401.0k)(4.0m)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

12.2m22.4m3.6m11.9m21.9m3.3m6.4m20.2m17.3m

Depreciation and Amortization

8.7m3.0m6.1m9.2m3.0m6.1m9.4m2.9m5.7m8.5m2.9m6.0m9.8m3.4m6.5m

Inventories

(12.8m)(1.0m)(15.2m)(8.8m)(14.2m)(21.9m)(15.2m)(11.3m)(21.1m)(7.7m)(8.0m)(18.8m)(14.6m)(11.5m)(25.4m)

Accounts Payable

14.4m(8.2m)4.1m(3.1m)(2.1m)4.3m2.4m(360.0k)(1.8m)(5.1m)(4.2m)7.1m334.0k5.7m11.0m
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Movado Group Online and Social Media Presence

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Movado Group News and Updates

Movado Group acquires watch startup MVMT

The Movado Group, which sells multiple brands including Lacoste, Tommy Hilfiger and Hugo Boss, has purchased MVMT, a small watch company founded by Jacob Kassan and Kramer LaPlante in 2013. The company, which advertised heavily on Facebook, logged $71 million in revenue in 2017. Movado purchased the…

Movado Group UK sales rise by 13% in Britain’s toughest year for fashion watches

Watch distributor outperforms in a UK market for fashion and lifestyle brands that declined by over 12% in 2016.
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Movado Group Company Life and Culture

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Movado Group Frequently Asked Questions

  • When was Movado Group founded?

    Movado Group was founded in 1881.

  • How many employees does Movado Group have?

    Movado Group has 1,000 employees.

  • What is Movado Group revenue?

    Latest Movado Group annual revenue is $568 m.

  • What is Movado Group revenue per employee?

    Latest Movado Group revenue per employee is $568 k.

  • Who are Movado Group competitors?

    Competitors of Movado Group include Richemont, Watchfinder and TAG Heuer.

  • Where is Movado Group headquarters?

    Movado Group headquarters is located at 650 From Rd., Ste. 375 , Paramus.

  • Where are Movado Group offices?

    Movado Group has an office in Paramus.

  • How many offices does Movado Group have?

    Movado Group has 1 office.