Movado Group

Manufacturing & Industrial Retail brand distribution jewellery luxury watches

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.

Revenue(FY, 2017)

$552.8 M

Market capitalization(2018-04-23)

$891.8 M

Type

Public

Paramus, US

Founded

1881

Size (employees)

1,100 (est)

Website

movadogroup.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 Financials

Movado Group's revenue was reported to be $552.75 m in FY, 2017

Summary

USD
Revenue (Q3, 2018)	190.7 m
Gross profit (Q3, 2018)	104.1 m
Gross profit margin (Q3, 2018), %	54.6%
Net income (Q3, 2018)	17.4 m
Market capitalization (23-Apr-2018)	891.8 m
Cash (31-Oct-2017)	155.5 m

Movado Group's current market capitalization is $891.8 m.

Income Statement

Annual

usd	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	570.3 m	587 m		552.8 m
Revenue growth, %		3%
Cost of goods sold	265 m	277 m	278 m	257.9 m
Gross profit	305.3 m	310 m		294.8 m

Quarterly

USD	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Revenue	189.7 m	120.9 m	143.6 m	188.6 m	120.5 m	145.6 m	185.6 m	114.1 m	128.1 m	179.8 m	99.3 m	128.8 m	190.7 m
Cost of goods sold	88.4 m	55.8 m	66 m	88.7 m	58 m	66.5 m	85.5 m	52.7 m	57.8 m	81.3 m	50.1 m	62.7 m	86.6 m
Gross profit	101.3 m	65.2 m	77.6 m	99.8 m	62.4 m	79 m	100.1 m	61.3 m	70.3 m	98.6 m	49.1 m	66.1 m	104.1 m
Gross profit Margin, %	53%	54%	54%	53%	52%	54%	54%	54%	55%	55%	50%	51%	55%

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Balance Sheet

Annual

usd	Y, 2010	Y, 2011	Y, 2012	Y, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	71 m	103 m	182.2 m	167.9 m	157.7 m	199.9 m	228.2 m	256.3 m
Accounts Receivable							71 m	66.8 m
Inventories					181.3 m	170.8 m	162.5 m	153.2 m
Current Assets					485.3 m	485.3 m	489 m	504.8 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Cash	137.8 m	169.6 m	157.9 m	188 m	181.2 m	203.9 m	205.8 m	199.8 m	233.6 m	162.4 m	155.5 m
Accounts Receivable					124.4 m	75.8 m	72.7 m	130.1 m	66.5 m	81.5 m	132.9 m
Inventories	184.4 m	195.3 m	182.7 m	188.5 m	179 m	178.4 m	186.1 m	169.4 m	160.4 m	177 m	169.9 m
Current Assets	481 m	497.2 m	507.2 m	495.3 m	520.6 m	494.5 m	499.4 m	527.3 m	493 m	452.7 m	484.7 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	51.5 m	51.9 m	45.8 m	35.1 m
Depreciation and Amortization	12.2 m	12.5 m	13.2 m	11.5 m
Inventories	(19.1 m)	4.5 m	(3.1 m)	7.4 m
Accounts Payable	11.6 m	(5.4 m)	774 k	(401 k)

Quarterly

USD	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Net Income			12.2 m	22.4 m	3.6 m	11.9 m	21.9 m	3.3 m	6.4 m	20.2 m
Depreciation and Amortization	8.7 m	3 m	6.1 m	9.2 m	3 m	6.1 m	9.4 m	2.9 m	5.7 m	8.5 m	2.9 m	6 m
Inventories	(12.8 m)	(1 m)	(15.2 m)	(8.8 m)	(14.2 m)	(21.9 m)	(15.2 m)	(11.3 m)	(21.1 m)	(7.7 m)	(8 m)	(18.8 m)
Accounts Payable	14.4 m	(8.2 m)	4.1 m	(3.1 m)	(2.1 m)	4.3 m	2.4 m	(360 k)	(1.8 m)	(5.1 m)	(4.2 m)	7.1 m