Movado Group Inc is a global enterprise specializing in the design procurement marketing and worldwide distribution of timepieces Its operations are segmented into two core divisions Watch and Accessory Brands and Company Stores The company boasts a diverse brand portfolio encompassing its proprietary labels such as Movado Concord Ebel Olivia Burton and MVMT Additionally it holds licensing agreements for prominent brands including Coach Tommy Hilfiger HUGO BOSS Lacoste Calvin Klein and Scuderia Ferrari Beyond its product offerings Movado Group also provides comprehensive aftersales support and shipping solutions Movado Groups extensive customer base includes major jewelry store chains department stores independent regional jewelers a network of independent distributors various online marketplaces licensors dedicated retail stores and thirdparty ecommerce platforms Furthermore the company engages in directtoconsumer sales via its proprietary ecommerce channels As of January 31 2022 Movado Group managed 51 brickandmortar retail outlet locations Established in 1961 the firm was initially known as North American Watch Corporation before adopting its current designation Movado Group Inc in 1996 Its corporate headquarters are located in Paramus New Jersey
Financial Ratios (TTM)
Gross Margin
54.93%
Operating Margin
5.71%
Net Margin
4.69%
ROA
4.37%
Price to Book
1.73
Price to Sales
0.89
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