Earnings Per Share and Cash Dividends

9 Months Ended

Oct. 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 October 31,				Nine Months Ended October 31,
	2025		2024		2025		2024
Weighted average common shares outstanding:
Basic		22,227		22,283		22,260		22,280
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock		504		276		237		347
Diluted		22,731		22,559		22,497		22,627

For the three months ended October 31, 2025 and 2024, approximately 0.4 million and 0.8 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 nine months ended October 31, 2025 and 2024, approximately 0.8 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 nine months ended October 31, 2025, the Company declared and paid three separate cash dividends each at $0.35 per share aggregating to $23.3 million. During the nine months ended October 31, 2024, the Company declared and paid three separate cash dividends each at $0.35 per share aggregating to $23.3 million.