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Stock impact report

Movado Group: Short-Term Pain Gives Investors More Time To Get In [Seeking Alpha]

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: Seeking Alpha
The company plans to increase spending on advertising to drive growth in 2025. Despite recent declines in revenue and profits, Movado Group stock is attractively priced and the company's excess cash provides stability. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » One company that had a fairly decent day on March 26th was watch and accessories manufacturer Movado Group, Inc. NYSE: MOV ). Shares of the business rose by about 2.7% (before closing up less than 1%) after management reported revenue and earnings for the final quarter of the company's 2024 fiscal year that exceeded analysts' expectations . Guidance for revenue for 2025 suggests a return to growth. But this will come at the expense of additional spending on advertising. If we adjust for this, shares of the Movado Group business still do look attractively priced. That is why, despite seeing the stock rise by only 1.1% s Show less Read more
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