Movado Group Reiterated FY25 Net Sales of $700.0M-$710.0M Vs $700.8M Est, EPS of $1.20-$1.30 Vs $1.12 Est
Portfolio Pulse from Benzinga Newsdesk
Movado Group has reiterated its fiscal 2025 outlook, expecting net sales between $700 million and $710 million, gross profit of 55% of net sales, and operating income between $32 million and $35 million. The company also anticipates an effective tax rate of 22% and earnings per share (EPS) between $1.20 and $1.30, which is above the estimated $1.12.
May 30, 2024 | 10:48 am
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Movado Group has reiterated its fiscal 2025 outlook, expecting net sales between $700 million and $710 million, gross profit of 55% of net sales, and operating income between $32 million and $35 million. The company also anticipates an effective tax rate of 22% and earnings per share (EPS) between $1.20 and $1.30, which is above the estimated $1.12.
The reiteration of the fiscal 2025 outlook with net sales and EPS above estimates is a positive signal for investors. This suggests confidence in the company's performance and could lead to a short-term increase in stock price.
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