Movado's Q3 Results: Innovation & Digital Marketing Drive Growth

Movados Q3 results showcase growth, driven by new product launches and digital marketing. The company reported $186.1 million in revenue, with a significant improvement in operating margin to 6.3%. CEO Efraim Grinberg attributes this success to innovative designs appealing to younger consumers and women, benefiting both mens and womens lines and direct-to-consumer sales. During the earnings call, analysts questioned the role of influencer campaigns and potential supply issues due to sold-out collections. Grinberg clarified that most popular styles will be restocked, and the company plans to invest in brand building while focusing on profitability. Looking ahead, Movado aims to mitigate tariffs, maintain healthy profit margins, and grow direct-to-consumer and digital channels, while rebuilding their business in the Middle East.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.