Movado Group, Inc. (MOV) designs, sources, markets, and distributes watches internationally. The company has two operating segments: Watch and Accessory Brands and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari.
The stock has gained 21.7% over the past year to close its last trading session at $34.21. Efraim Grinberg, chairman and CEO of MOV, stated, "We are very pleased to continue the positive momentum from last year, reporting first-quarter results that marked a strong start to our fiscal year with record sales and profit.”
