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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Income Statement [Abstract]        
Net sales $ 161,829 $ 157,000 $ 293,598 $ 291,379
Cost of sales 74,264 71,748 134,683 133,207
Gross profit 87,565 85,252 158,915 158,172
Selling, general and administrative 83,558 82,610 154,617 153,412
Operating income 4,007 [1],[2] 2,642 [1],[2] 4,298 [3],[4] 4,760 [3],[4]
Non-operating income/(expense):        
Other income, net 1,202 1,877 2,962 4,049
Interest expense (110) (110) (221) (228)
Income before income taxes 5,099 4,409 7,039 8,581
Provision for income taxes (Note 10) 1,961 843 2,621 2,876
Net income 3,138 3,566 4,418 5,705
Less: Net income attributable to noncontrolling interests 152 97 12 221
Net income attributable to Movado Group, Inc. $ 2,986 $ 3,469 $ 4,406 $ 5,484
Basic income per share:        
Weighted basic average shares outstanding 22,286 22,303 22,276 22,278
Net income per share attributable to Movado Group, Inc. $ 0.13 $ 0.16 $ 0.2 $ 0.25
Diluted income/(loss) per share:        
Weighted diluted average shares outstanding 22,571 22,658 22,479 22,665
Net income per share attributable to Movado Group, Inc. $ 0.13 $ 0.15 $ 0.2 $ 0.24
[1] The operating loss in the Watch and Accessory Brands Segment included $10.7 million and $5.5 million of unallocated corporate expenses for the three months ended July 31, 2025 and 2024, respectively, and $14.6 million and $14.1 million of certain intercompany profits related to the Company's supply chain operations for the three months ended July 31, 2025 and 2024, respectively.
[2] The operating loss in the Watch and Accessory Brands segment for the three months ended July 31, 2025, included a pre-tax charge of $0.9 million related to the Company's cost-savings initiative and a pre-tax charge of $2.1 million of professional fees related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.
[3] The operating (loss)/income in the Watch and Accessory Brands Segment included $18.7 million and $15.0 million of unallocated corporate expenses for the six months ended July 31, 2025 and 2024, respectively, and $28.6 million and $28.3 million of certain intercompany profits related to the Company's supply chain operations for the six months ended July 31, 2025 and 2024, respectively.
[4] The operating loss in the Watch and Accessory Brands segment for the six months ended July 31, 2025, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative and a pre-tax charge of $2.1 million of professional fees related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.

 

 

 

 

Total Assets

 

 

Capital Expenditures

 

 

 

July 31,
 2025

 

 

January 31,
 2025

 

 

July 31,
 2024

 

 

July 31,
 2025

 

 

July 31,
 2024

 

 

 

 

 

 

 

 

 

(As Restated)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Watch and Accessory Brands

 

$

687,465

 

 

$

668,403

 

 

$

683,021

 

 

$

1,896

 

 

$

2,494

 

Company Stores

 

 

61,254

 

 

 

60,828

 

 

 

59,459

 

 

 

930

 

 

 

1,419

 

Consolidated total

 

$

748,719

 

 

$

729,231

 

 

$

742,480

 

 

$

2,826

 

 

$

3,913