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Movado Group

OverviewSuggest Edit

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.

TypePublic
Founded1881
HQParamus, NJ, USMap
Websitemovadogroup.com
Employee Ratings3.8More
Overall CultureC-More
View Jobs (138)

Recent NewsAll News

Latest Updates

Employees (est.) (Jan 2019)1,140(+15%)
Job Openings138
Revenue (FY, 2021)$506.4 M(-27%)
Share Price (Sept 2021)$32.7(+3%)
Cybersecurity ratingCMore

Key People/Management at Movado Group

Efraim Grinberg

Efraim Grinberg

Chairman of the Board of Directors and Chief Executive Officer, Director
Alex Grinberg

Alex Grinberg

Senior Vice President Customer/Consumer Centric Initiatives, Director
Alan H. Howard

Alan H. Howard

Lead Director
Ann Kirschner

Ann Kirschner

Director
Richard D. Isserman

Richard D. Isserman

Director
Sallie A. Demarsilis

Sallie A. Demarsilis

Executive Vice President, Chief Operating Officer, Chief Financial Officer, Director
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Movado Group Office Locations

Movado Group has offices in Paramus, Hamilton, Paris, Grenchen and in 1 other location
Paramus, NJ, US (HQ)
650 From Rd #375
Hamilton, CA
1 Main St W
Paris, FR
47 Rue de la Chaussée d'Antin
Grenchen, CH
Bettlachstrasse 8
Haslemere, GB
Meadway
Show all (5)

Movado Group Financials and Metrics

Movado Group Revenue

Movado Group's revenue was reported to be $506.4 m in FY, 2021
USD

Revenue (FY, 2021)

506.4m

Gross profit (FY, 2021)

270.5m

Gross profit margin (FY, 2021), %

53.4%

Net income (FY, 2021)

(111.2m)

EBIT (FY, 2021)

(142.1m)

Market capitalization (15-Sept-2021)

764.0m

Closing stock price (15-Sept-2021)

32.7

Cash (31-Jan-2021)

223.8m

EV

645.7m
Movado Group's current market capitalization is $764 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

468.1m505.5m570.3m587.0m594.9m552.8m568.0m679.6m701.0m506.4m

Revenue growth, %

3%

Cost of goods sold

211.8m227.6m265.0m277.0m278.0m257.9m269.9m310.2m326.1m235.9m

Gross profit

256.3m277.9m305.3m310.0m316.9m294.8m298.1m369.4m374.9m270.5m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

113.2m142.6m103.7m118.0m160.2m110.0m138.3m189.7m120.9m143.6m188.6m120.5m145.6m185.6m114.1m128.1m179.8m99.3m128.8m190.7m127.1m144.1m208.9m146.5m157.8m205.6m69.7m88.5m

Cost of goods sold

52.3m61.6m44.6m52.3m69.8m50.1m63.5m88.4m55.8m66.0m88.7m58.0m66.5m85.5m52.7m57.8m81.3m50.1m62.7m86.6m59.6m66.3m95.6m67.7m72.5m95.5m37.8m43.2m

Gross profit

60.9m81.0m59.0m65.8m90.4m59.9m74.8m101.3m65.2m77.6m99.8m62.4m79.0m100.1m61.3m70.3m98.6m49.1m66.1m104.1m67.5m77.8m113.4m78.9m85.3m110.1m31.9m45.4m

Gross profit Margin, %

54%57%57%56%56%54%54%53%54%54%53%52%54%54%54%55%55%50%51%55%53%54%54%54%54%54%46%51%
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Annual
USDY, 2010Y, 2011FY, 2012Y, 2012FY, 2013Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

71.0m103.0m182.2m182.2m167.9m167.9m157.7m199.9m228.2m256.3m214.8m189.9m185.9m223.8m

Accounts Receivable

61.2m64.3m71.0m66.8m83.1m84.0m78.4m76.9m

Prepaid Expenses

25.5m37.6m32.0m28.9m

Inventories

163.7m164.4m181.3m170.8m162.5m153.2m151.7m165.3m171.4m152.6m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

128.8m138.0m158.8m156.3m164.8m141.5m151.5m163.1m137.8m169.6m157.9m188.0m181.2m203.9m205.8m199.8m233.6m162.4m155.5m177.0m175.6m142.7m150.7m134.9m116.0m187.8m170.2m

Accounts Receivable

69.7m94.3m62.3m59.7m107.1m69.5m77.3m123.2m77.4m91.2m128.6m80.8m124.4m75.8m72.7m130.1m66.5m81.5m132.9m80.0m83.8m126.1m85.7m93.7m136.3m49.8m60.1m

Prepaid Expenses

32.5m25.4m27.9m22.6m34.3m36.6m38.4m35.4m47.2m41.0m37.9m38.0m36.0m36.5m34.8m28.1m32.6m31.8m26.4m36.2m37.9m31.6m32.6m32.1m30.7m

Inventories

196.6m176.1m172.0m170.4m169.7m172.3m179.9m175.5m184.4m195.3m182.7m188.5m179.0m178.4m186.1m169.4m160.4m177.0m169.9m159.0m171.4m183.5m178.0m201.0m201.2m177.8m173.4m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

32.0m57.1m51.5m51.9m45.8m35.1m(15.2m)61.6m42.7m(111.5m)

Depreciation and Amortization

11.4m10.6m12.2m12.5m13.2m11.5m13.5m14.2m16.4m14.1m

Inventories

20.8m(2.0m)(19.1m)4.5m(3.1m)7.4m6.6m(4.2m)(5.5m)21.6m

Accounts Payable

11.8m(11.7m)11.6m(5.4m)774.0k(401.0k)(4.0m)6.1m(3.6m)(7.8m)
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

4.9m21.3m6.6m14.7m49.2m8.2m20.7m44.2m7.4m19.6m42.0m3.6m15.6m37.5m3.3m9.7m29.9m(4.2m)1.3m18.7m8.1m17.3m44.2m3.9m21.4m39.2m(150.0m)(156.6m)

Depreciation and Amortization

5.9m8.8m3.1m5.7m8.0m2.8m5.8m8.7m3.0m6.1m9.2m3.0m6.1m9.4m2.9m5.7m8.5m2.9m6.0m9.8m3.4m6.5m9.9m3.9m7.9m11.9m3.9m7.2m

Inventories

4.6m12.9m(6.9m)(12.3m)(7.0m)10.1m(18.0m)(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)(25.9m)(14.8m)(37.5m)(38.1m)(10.3m)(1.5m)

Accounts Payable

(309.0k)4.5m(10.1m)(8.1m)(3.8m)2.6m9.2m14.4m(8.2m)4.1m(3.1m)(2.1m)4.3m2.4m(360.0k)(1.8m)(5.1m)(4.2m)7.1m334.0k5.7m11.0m18.0m(896.0k)12.8m(4.2m)(15.7m)(5.7m)
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Show all financial metrics

Movado Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

Learn more about our premium products
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Movado Group Online and Social Media Presence

Movado Group's Trends

Embed Graph

Movado Group Company Culture

  • Overall Culture

    C-

    65/100

  • CEO Rating

    D

    58/100

  • Compensation

    B

    75/100

Learn more on Comparably

Movado Group News and Updates

August 17, 2018

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…
May 30, 2018

Movado Group, Inc. (MOV) CEO Efraim Grinberg on Q1 2019 Results - Earnings Call Transcript

March 31, 2018

Movado Group: Look Past Q4 And See The Bigger Picture

March 29, 2018

Movado Group's (MOV) CEO Efraim Grinberg on Q4 2018 Results - Earnings Call Transcript

January 16, 2018

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.

 Movado Group Frequently Asked Questions

  • When was Movado Group founded?

    Movado Group was founded in 1881.

  • Who are Movado Group key executives?

    Movado Group's key executives are Efraim Grinberg, Alex Grinberg and Alan H. Howard.

  • How many employees does Movado Group have?

    Movado Group has 1,140 employees.

  • What is Movado Group revenue?

    Latest Movado Group annual revenue is $506.4 m.

  • What is Movado Group revenue per employee?

    Latest Movado Group revenue per employee is $444.2 k.

  • Who are Movado Group competitors?

    Competitors of Movado Group include Van Cleef & Arpels, The Chalhoub Group and Swatch Group.

  • Where is Movado Group headquarters?

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

  • Where are Movado Group offices?

    Movado Group has offices in Paramus, Hamilton, Paris, Grenchen and in 1 other location.

  • How many offices does Movado Group have?

    Movado Group has 5 offices.