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Stock impact report

Reflecting On Apparel and Accessories Stocks' Q2 Earnings: Movado (NYSE:MOV) [Yahoo! Finance]

Movado Group Inc. (MOV) 
Last movado group inc. earnings: 3/26 06:45 am Check Earnings Report
US:NYSE Investor Relations: movadogroup.com/investor/index.cfm
Company Research Source: Yahoo! Finance
Thanks to social media and the internet, not only are styles changing more frequently today than in decades past but also consumers are shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel and accessories companies have made concerted efforts to adapt while those who are slower to move may fall behind. The 16 apparel and accessories stocks we track reported a strong Q2. As a group, revenues beat analysts' consensus estimates by 3.1% while next quarter's revenue guidance was 15.4% below. Luckily, apparel and accessories stocks have performed well with share prices up 10.2% on average since the latest earnings results. Movado (NYSE:MOV) With its watches displayed in 20 museums around the world, Movado (NYSE:MOV) is a watchmaking company with a portfolio of watch brands and accessories. Movado reported revenues of $161.8 million, up 3.1% year on year. This print exceeded analysts' expectations by 3.2%. Despite the top-line beat, Show less Read more
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