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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2025
Oct. 31, 2024
Income Statement [Abstract]        
Net sales $ 186,132 $ 180,524 $ 479,730 $ 471,903
Cost of sales 85,076 83,894 219,759 217,101
Gross profit 101,056 96,630 259,971 254,802
Selling, general and administrative 89,331 90,597 243,948 244,009
Operating income 11,725 [1],[2] 6,033 [1],[2] 16,023 [3],[4] 10,793 [3],[4]
Non-operating income/(expense):        
Other income, net 1,347 1,522 4,309 5,571
Interest expense (136) (144) (357) (372)
Income before income taxes 12,936 7,411 19,975 15,992
Provision for income taxes (Note 10) 3,275 2,365 5,896 5,241
Net income 9,661 5,046 14,079 10,751
Less: Net income/(loss) attributable to noncontrolling interest 78 219 90 440
Net income attributable to Movado Group, Inc. $ 9,583 $ 4,827 $ 13,989 $ 10,311
Basic income per share:        
Weighted basic average shares outstanding 22,227 22,283 22,260 22,280
Net income per share attributable to Movado Group, Inc. $ 0.43 $ 0.22 $ 0.63 $ 0.46
Diluted income/(loss) per share:        
Weighted diluted average shares outstanding 22,731 22,559 22,497 22,627
Net income per share attributable to Movado Group, Inc. $ 0.42 $ 0.21 $ 0.62 $ 0.46
[1] The operating income in the Watch and Accessory Brands Segment included $16.6 million and $11.6 million of unallocated corporate expenses for the three months ended October 31, 2025 and 2024, respectively, and $20.0 million and $20.5 million of certain intercompany profits related to the Company's supply chain operations for the three months ended October 31, 2025 and 2024, respectively.
[2] The operating income in the Watch and Accessory Brands segment for the three months ended October 31, 2025, included a pre-tax charge of $0.9 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income in the Watch and Accessory Brands segment for the three months ended October 31, 2024, included a pre-tax charge of $2.7 million related to the Company's cost-savings initiative.
[3] The operating income in the Watch and Accessory Brands Segment included $35.3 million and $26.6 million of unallocated corporate expenses for the nine months ended October 31, 2025 and 2024, respectively, and $48.6 million and $48.8 million of certain intercompany profits related to the Company's supply chain operations for the nine months ended October 31, 2025 and 2024, respectively.
[4] The operating income in the Watch and Accessory Brands segment for the nine months ended October 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 $3.0 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income in the Watch and Accessory Brands segment for the nine months ended October 31, 2024, included a pre-tax charge of $2.7 million related to the Company's cost-savings initiative.

 

 

 

Total Assets

 

 

Capital Expenditures

 

 

 

October 31,
 2025

 

 

January 31,
 2025

 

 

October 31,
 2024

 

 

October 31,
 2025

 

 

October 31,
 2024

 

 

 

 

 

 

 

 

 

(As Restated)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Watch and Accessory Brands

 

$

693,543

 

 

$

668,403

 

 

$

681,664

 

 

$

2,282

 

 

$

4,262

 

Company Stores

 

 

58,356

 

 

 

60,828

 

 

 

65,488

 

 

 

1,230

 

 

 

2,106

 

Consolidated total

 

$

751,899

 

 

$

729,231

 

 

$

747,152

 

 

$

3,512

 

 

$

6,368