MajorsApr 02, 2026
Pandora Opens New Canadian Distribution Center Amid Tariff ConcernsThe new facility was also designed to better serve its growing customer base in Canada.
FinancialsMar 30, 2018
Movado Group’s Q4 Sales Up 14%
Full-year net sales increased 3 percent as owned and licenses brands continued to do well internationally.
CEO Efraim Grinberg said the Movado brand performed well in retail channels in Q4, in particular its Museum Dial Bauhaus collection and the Movado Connect smartwatch, pictured here.
Paramus, N.J.--Movado Group said net sales were up in both its fourth quarter and full year as its owned and licensed brands continued to perform well in markets outside the United States.
According to the watch manufacturer, net sales in the fourth quarter ended Jan. 31 were up 14 percent to $149.2 million.
Gross profit for the three-month period was $78.7 million, or 53 percent of sales, compared with $64.7 million, or 50 percent of sales, in the same period last year.
Operating income was up 79 percent to $13.3 million but the company recorded a net loss of $33.9 million, compared with net income of $5.2 million last year, as the company suffered a $45 million charge in the fourth quarter relating to the 2017 Tax Act that was enacted at the end of the year.
Movado also noted that comparable sales for its Movado company stores were up 6 percent for the quarter and that, during the period, performance was driven by the strength of its owned and licensed brands as well accelerated growth of its subsidiaries in the U.K., France and Germany.
The company also reported a very strong performance from the Olivia Burton brand, acquired last summer, with CEO Efraim Grinberg saying in a conference call Thursday morning that the company sees “a great opportunity for continued innovation and growth on a global basis.”
For its biggest brand, Movado, Grinberg said sales dropped by mid-single digits in the fourth quarter as certain wholesale channels in the United States remain “challenging.”
Strong performers from the brand during the holiday season were the Museum Dial Bauhaus collection—introduced to honor the 75th anniversary of the museum dial—men’s bracelet watches and the Movado Connect smartwatch.
The CEO also said that Movado.com’s sales were up 53 percent in the fourth quarter.
For the full year, Movado Group’s net sales were up 3 percent, increasing from $552.8 million to $568 million.
Gross profit was $298.1 million, or 53 percent of sales, compared with gross profit of $294.8 million, again 53 percent of sales, in the prior year.
Net loss was $15.2 million for fiscal 2018, compared with net income of $35.1 million last year, though the company offered no explanation Thursday behind this, while operating income was $43.2 million, compared with $54 million last year.
The company did not exhibit at Baselworld this year, opting instead to invest in a “more personal
venue” to communicate and showcase products to wholesale customers, Grinberg said. The company held its first Movado Group Summit in Davos, Switzerland, around the same time as Baselworld.
Movado is using the money it would have spent on the show for consumer-facing initiatives as well, which so far has included the establishment of a Digital Center of Excellence and the appointment of a chief digital officer and a vice president of social media.
Driving growth in digital will be a focus this year, Grinberg said. He also noted during the company’s earnings conference call that it expects to see sales grow in North America this year.
Movado said it anticipates overall net sales for fiscal 2019 to be in the range of $605 million to $615 million and for operating income to be about $68 million to $71 million.
In addition to launching its Movado Museum Classic, which Grinberg said received a “strong” response from the retailers who were in Davos, the company will evolve its new Movado advertising campaign for print, outdoor and digital during the coming fiscal year.
Movado is using the money it would have spent on the show for consumer-facing initiatives as well, which so far has included the establishment of a Digital Center of Excellence and the appointment of a chief digital officer and a vice president of social media.
Driving growth in digital will be a focus this year, Grinberg said. He also noted during the company’s earnings conference call that it expects to see sales grow in North America this year.
Movado said it anticipates overall net sales for fiscal 2019 to be in the range of $605 million to $615 million and for operating income to be about $68 million to $71 million.
In addition to launching its Movado Museum Classic, which Grinberg said received a “strong” response from the retailers who were in Davos, the company will evolve its new Movado advertising campaign for print, outdoor and digital during the coming fiscal year.
More on Financials
The Latest
TrendsApr 02, 2026
Michelle Yeoh Fronts New Mikimoto Campaign The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.
GradingApr 02, 2026
GIA Debuts New Campus in TaiwanIt is the only GIA school to offer the GIA Graduate Gemologist program in Chinese.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
MajorsApr 02, 2026
DCA Launches ‘Second Spark’ Workforce InitiativeThe initiative connects veterans and parents returning to the workforce with careers in jewelry retail.
Weekly QuizApr 02, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsApr 02, 2026
Hoover & Strong Names New National Sales RepresentativeThe wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.
MajorsApr 01, 2026
Foundrae Sues Pandora for Allegedly Copying Its Medallion DesignsFoundrae also accused the jewelry giant of copying its mood board style of marketing.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
AuctionsApr 01, 2026
John Jacob Astor IV’s Titanic Pocket Watch Heads to AuctionA Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.
SurveysApr 01, 2026
Consumers’ Outlook Improves Again in MarchThe Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.
IndependentsApr 01, 2026
Zachary’s Jewelers’ Constance Polamalu to Release Children’s BookThe retailer’s Zach Bear gift comes to life in “Zach Bear and the Window Necklace,” which centers on curiosity, bravery, and helping.
Events & AwardsApr 01, 2026
AGA Opens 2026 Gemological Scholarship, Research Grant ApplicationsApplications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.
ColumnistsMar 31, 2026
Q1 Clues That Reveal Where Your Jewelry Store’s Sales Are Heading These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.
CollectionsMar 31, 2026
Mejuri Adds Silver to ‘Puzzle’ CollectionMejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.
CollectionsMar 31, 2026
Buddha Mama, Ashley Longshore to Host Pop-Up in DallasThe Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.
SourcingMar 31, 2026
NDC Designates April 8 as 'World Diamond Day'The initiative invites those in the industry to share stories on social media highlighting the meaning and impact of natural diamonds.
SourcingMar 31, 2026
GIA VP Jillian Wolk to Take Over at Tracr Wolk’s first day on the job as CEO of Tracr, De Beers Group’s blockchain platform, will be May 1.
EditorsMar 30, 2026
Tom Moses Looks Back on His Decades at GIA Moses, who will leave the lab in May after nearly 50 years, discusses his start in the business, gemstones that stand out, and what’s next.
TrendsMar 30, 2026
Oscar Heyman Debuts First Spring CatalogThe new catalog, which showcases 35 one-of-a-kind pieces of jewelry, is a compliment to the company’s popular holiday catalog.
SourcingMar 30, 2026
Rio Tinto Hauls Last Load from DiavikProduction has ceased at the Canadian diamond mine, which has yielded more than 150 million carats of rough diamonds in its 23-year run.
MajorsMar 30, 2026
Tanishq Opens First New England LocationThe store opening marks the 10th United States location for the India-based jewelry retailer.
MajorsMar 27, 2026
Saks Global Has Changed Its Mind About Closing These 3 StoresTwo Saks Fifth Avenue locations, one in Florida and one in California, and one Neiman Marcus store are off the chopping block.
IndependentsMar 27, 2026
Jimmy West, Longtime LJG Executive Director, Dies at 72West, who started in the art department at the Leading Jewelers Guild in 1979, is remembered for his patience, kindness, and dedication.
CollectionsMar 27, 2026
Itä’s ‘Yarí Whirl’ Ring Tells Every Side of the StoryIn the “Tesoro” version of the ring, our Piece of the Week, each side of the gold hexagonal nugget has a unique colored gemstone design.
WatchesMar 26, 2026
Q&A: Citizen Watch America President Jeffrey Cohen on Eco-Drive’s 50th AnniversaryCohen discusses the evolution of Citizen’s light-powered technology, the brand’s cross-generational appeal, and tariffs.
IndependentsMar 26, 2026
Peter Smith Pens Book on Human Behavior in Sales“Essentially Human: On Sales and Salespeople" reveals the underlying human traits and behaviors of the most successful sales professionals.
CollectionsMar 26, 2026
Lionheart Celebrates 13 Years of ‘Cassandane’The collection features symbols of love, luck, and light, based on the story of Queen Cassandane and Cyrus the Great of Persia.
