MajorsMar 10, 2026
Saks Global to Close 15 More StoresThe retailer also gave an update on its vendor partnerships.
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
TrendsMar 10, 2026
Messika Names Julianne Moore as AmbassadorThe award-winning actress is the “epitome of modern allure,” the brand said.
CollectionsMar 10, 2026
Gemstones ‘Bloom’ in Sorellina’s New CollectionThe “Bloom” collection draws from the flower power movement of the 1960s and ‘70s with inlay pendants offered in eight colorways.
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.
Events & AwardsMar 10, 2026
Diamond-Studded Painting Shines at RJO Foundation AuctionThe unique piece was one of the custom works offered at the foundation's recent silent art auction, which garnered nearly $15,000 in total.
Weekly QuizMar 05, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
TrendsMar 09, 2026
Jake Gyllenhaal Is Bulgari’s Latest AmbassadorBulgari named Gyllenhaal as its brand ambassador for his embodiment of artistic depth, intellectual curiosity, and warmth.
Events & AwardsMar 09, 2026
TJS Announces 2026 Scholarship WinnersAwards were given to four students, one apprentice, and an emerging jeweler.
Brought to you by
DCA Enters a New Chapter in Jewelry EducationWith refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.
AuctionsMar 09, 2026
Joanna Carson’s Jewels Lead White-Glove SaleThe top jewelry lot of the late model’s estate sale, hosted by John Moran Auctioneers, was an Oscar Heyman & Brothers for Cartier necklace.
GradingMar 06, 2026
Tom Moses Leaving GIA After Nearly 50 YearsMoses, who started at GIA’s Santa Monica lab in 1976, will leave the Gemological Institute of America in May.
Lab-GrownMar 06, 2026
Charles & Colvard Files for Bankruptcy, Citing Price PressuresIncreased competition, falling lab-grown diamond and moissanite prices, and the rising cost of gold took a toll on the moissanite maker.
CollectionsMar 06, 2026
Zome’s ‘Solara’ Earrings Embody Celestial BeautyThe earrings, our Piece of the Week, feature pink tourmalines as planets orbiting around an aquamarine center set in 18-karat rose gold.
MajorsMar 06, 2026
Pomellato’s 2026 IWD Campaign Spotlights Economic Abuse“The Price of Freedom” campaign video for International Women’s Day confronts the quiet violence of financial control.
Policies & IssuesMar 05, 2026
Tariffs to Increase to 15% This Week, Treasury Secretary Says Also, a federal judge has ordered that companies that paid tariffs implemented under the IEEPA are entitled to refunds.
CollectionsMar 05, 2026
Common Era Honors ‘Difficult Women’ in CollectionThe ever-growing collection, which just expanded with the addition of Olga of Kyiv, features cameos of 12 women from history.
TrendsMar 05, 2026
Engagement Ring Trends 2026: What’s In, and WhyWe asked a jewelry historian, designer, bridal director, and wedding expert what’s trending in engagement rings. Here’s what they said.
Events & AwardsMar 05, 2026
AGS Announces Conclave 2026 Speaker LineupThe annual event will be held in Orlando, Florida, from Sept. 14-17.
TrendsMar 05, 2026
Caitríona Balfe Fronts Only Natural Diamonds CoverThe “Outlander” star modeled for the digital cover of the magazine’s spring issue, which features a story on her relationship with jewelry.
MajorsMar 05, 2026
Registration Opens for CIBJO Centenary CongressThis year’s annual congress, which will mark the confederation’s 100th anniversary, will take place this fall in Italy.
MajorsMar 04, 2026
Michael M Opens First StoreBeverly Hills was chosen as the location for the brand’s first store, designed as a “private residence for modern monarchs.”
Policies & IssuesMar 04, 2026
Luxury Brands Temporarily Shutter Middle East StoresKering, Apple, and other retailers have reportedly temporarily closed stores in the Middle East region in light of the recent conflicts.
EditorsMar 04, 2026
Q&A: Brilliant Earth’s CEO on the New Beverly Hills StoreBeth Gerstein discusses the vibe of the new store, what customers want when fine jewelry shopping today, and the details of “Date Night.”
Events & AwardsMar 04, 2026
JIS Miami Spring Show to Feature New Gifts Pavilion, Pop-Up Trends TalksNearly half of buyers are prioritizing silver and fashion collections this season, organizers said.
TrendsMar 04, 2026
Spinelli Kilcollin Rides Free In Year of the Horse CampaignThe “Live Now. Polish Later.” campaign features equestrians wearing the brand’s jewels while galloping across the icy plains of Kazakhstan.
MajorsMar 04, 2026
LeachGarner Names New Brand DirectorThe precious metals provider has promoted Jennifer Ashworth to the role.
Events & AwardsMar 03, 2026
Johnny Nelson Wins David Yurman Gem Awards GrantNelson will be honored as the inaugural grant winner at the Gem Awards gala on March 13.
SourcingMar 03, 2026
7 Trends That Could Define the Diamond Industry’s FutureExperts from India weigh in the politics, policies, and market dynamics for diamantaires to monitor in 2026 and beyond.
