Movado Group Reiterates FY24 Revenue Of $725.0M-$750.0M Vs Consensus $736.7M, EPS $2.70-$2.90 Vs Consensus $2.79, Reiterates Sales Decline Of 9%-12% In First Half
Portfolio Pulse from Benzinga Newsdesk
Movado Group reiterates its FY24 revenue guidance of $725.0M-$750.0M, compared to the consensus of $736.7M, and EPS of $2.70-$2.90, compared to the consensus of $2.79. The company also reiterates a sales decline of 9%-12% in the first half.
May 25, 2023 | 10:51 am
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Movado Group reiterates FY24 revenue and EPS guidance, with a sales decline of 9%-12% in the first half.
Movado Group's reiterated guidance is in line with consensus estimates, indicating that the company's performance is as expected. The sales decline in the first half is already factored into the guidance, so the impact on the stock price is likely to be neutral in the short term.
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