Earnings Per Share and Cash Dividends

6 Months Ended

Jul. 31, 2025

NOTE 4 – EARNINGS PER SHARE AND CASH DIVIDENDS

The Company presents net income attributable to Movado Group, Inc. after adjusting for noncontrolling interests, as applicable, per share on a basic and diluted basis. Basic earnings per share is computed using weighted-average shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents.

The number of shares used in calculating basic and diluted earnings per share is as follows (in thousands):


	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
Weighted average common shares outstanding:
Basic		22,286		22,303		22,276		22,278
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock		285		355		203		387
Diluted		22,571		22,658		22,479		22,665

For the three months ended July 31, 2025 and 2024, approximately 1.0 million and 0.7 million, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the six months ended July 31, 2025 and 2024, approximately 1.3 million and 0.7 million, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

During the six months ended July 31, 2025, the Company declared and paid two separate cash dividends each at $0.35 per share aggregating to $15.6 million. During the six months ended July 31, 2024, the Company declared and paid two separate cash dividends each at $0.35 per share aggregating to $15.5 million.