MajorsJan 09, 2026
Kendra Scott Taps Activewear Exec as CEO Chris Blakeslee has experience at Athleta and Alo Yoga. Kendra Scott will remain on board as executive chair and chief visionary officer.
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
SurveysJan 09, 2026
U.S. Holiday Retail Sales Up 4%, Visa, Mastercard SayThe credit card companies’ surveys examined where consumers shopped, what they bought, and what they valued this holiday season.
AuctionsJan 09, 2026
Christie’s Names New Global Managing Director for LuxuryKimberly Miller has been promoted to the role.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
CollectionsJan 09, 2026
Piece of the Week: Lionheart’s ‘Serenity’ Opal CharmThe “Serenity” charm set with 13 opals is a modern amulet offering protection, guidance, and intention, the brand said.
Weekly QuizJan 08, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJan 08, 2026
Pandora’s New ‘Bridgerton’ Jewels Celebrate Bees, Bows, and Blooms“Bridgerton” actresses Hannah Dodd and Claudia Jessie star in the brand’s “Rules to Love By” campaign.
Events & AwardsJan 08, 2026
Ana Khouri To Receive 2026 Gem Award for High Jewelry ExcellenceFounded by jeweler and sculptor Ana Khouri, the brand is “expanding the boundaries of what high jewelry can be.”
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
TrendsJan 08, 2026
Stuller’s Color of the Year Is a Stark Contrast to Pantone’s WhiteThe jewelry manufacturer and supplier is going with a fiery shade it says symbolizes power and transformation.
CollectionsJan 08, 2026
Gracie Abrams To Front New Chanel Jewelry CampaignThe singer-songwriter will make her debut as the French luxury brand’s new ambassador in a campaign for its “Coco Crush” jewelry line.
MajorsJan 08, 2026
Diamond Council of America Names New Board DirectorsThe nonprofit’s new president and CEO, Annie Doresca, also began her role this month.
ColumnistsJan 07, 2026
Peter Smith: Physical Retail—The Beginning or the End?As the shopping mall model evolves and online retail grows, Smith shares his predictions for the future of physical stores.
Events & AwardsJan 07, 2026
Melee Adds 13 New Designers to NYC ShowThe trade show is slated for Jan. 31-Feb. 2 at The Lighthouse in New York City's Chelsea neighborhood.
TrendsJan 07, 2026
Amanda’s Style File: Go for GarnetJanuary’s birthstone comes in a rainbow of colors, from the traditional red to orange, purple, and green.
SourcingJan 07, 2026
Diamonds Do Good Releases 2025 Impact ReportThe annual report highlights how it supported communities in areas where natural diamonds are mined, crafted, and sold.
CrimeJan 06, 2026
2 Jewelers Arrested After TraxNYC Diamond District BrawlFootage of a fight breaking out in the NYC Diamond District was viewed millions of times on Instagram and Facebook.
MajorsJan 06, 2026
Rio Grande Says These Are the Top Personalization Tools for 2026The supplier has a curated list of must-have tools for jewelers doing in-house custom work this year.
MajorsJan 06, 2026
Zales Tests Out A New LookThe Signet Jewelers-owned store, which turned 100 last year, calls its new concept stores “The Edit.”
MajorsJan 06, 2026
LeachGarner Appoints New Director of SalesLinda Coutu is rejoining the precious metals provider as its director of sales.
SourcingJan 06, 2026
AGA Announces 2026 BoardThe governing board welcomed two new members, Claire Scragg and Susan Eisen.
TrendsJan 05, 2026
Amanda’s Style File: New Year’s EditionSparkle with festive diamond jewelry as we celebrate the beginning of 2026.
IndependentsJan 05, 2026
Jeweler Ben Nighthorse Campbell Dies at 92The master jeweler, Olympian, former senator, and Korean War veteran founded the brand Nighthorse Jewelry.
TrendsJan 05, 2026
Pinterest 2026 Trend Report: Brooches, Bold Gold, Cool BlueIn its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.
MajorsJan 02, 2026
Marc Metrick Out as CEO of Saks Global Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.
Events & AwardsJan 02, 2026
Jan Mohr, Couture’s ‘North Star,’ Dies at 71Mohr had just retired in June after more than two decades as Couture’s retailer liaison.
SourcingJan 02, 2026
IDCA Elects New President, Board of DirectorsShekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.
CollectionsJan 02, 2026
Lalaounis’ 2026 Good Luck Charm Speaks to ResilienceThis year’s good luck charm features the mythical horse Pegasus, and is our first Piece of the Week of the new year.
