87 163
Fashion Jobs
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
NEWELL
Senior Director, Analytics
Permanent · HOBOKEN
By
Reuters
Published
Apr 8, 2011
Download
Download the article
Print
Text size

Movado Q4 results beat estimates, forecasts strong 2012

By
Reuters
Published
Apr 8, 2011

April 7 - Movado Group Inc's quarterly profit beat market expectations, helped by strong demand of its brands in the key holiday selling season, and the watchmaker reinstated its quarterly dividend program.

Movado
Top model Gisele Bundchen wearing Ebel: watch brand belonging to the Movado Group

Movado, which sells its products through department store chains and jewelry stores, also forecast a strong 2012 ahead and expects earnings of 60-65 cents a share in the year. Sales are expected to rise 11-13 percent.

Analysts on average were expecting earnings of 36 cents a share, before items, on revenue of $399.87 million, according to Thomson Reuters I/B/E/S.

The company, whose watch brands include Concord, Ebel and the namesake Movado, has been trying to lure customers by focusing more on popular licensed brands and initiated a plan to revamp its brands by spending more on advertisements and promotions.

November-January loss from continuing operations was $31.3 million, or $1.26 a share, compared with a loss from continuing operations of $14.9 million, or 60 cents a share, a year ago.

Excluding items, it earned 5 cents a share from continuing operations. Revenue rose more than 23 percent to $101 million.

The company approved a cash dividend of 3 cents a share and expects an annualized dividend of 12 cents a share.

Shares of Paramus, New Jersey-based Movado closed at $14.96 on Wednesday on the New York Stock Exchange.

(Reporting by Renju Jose in Bangalore; Editing by Maju Samuel)

© Thomson Reuters 2024 All rights reserved.