Movado Group’s Q3 sales up by 6%.

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26-Nov-2017

Movado Group said net sales were up in the company’s third quarter ended Oct. 31 despite continued struggles in the U.S. The company said sales increased 6 percent to $190.7 million during the period, compared with $179.8 million in the third quarter last year. Operating income was $25.2 million, compared to $31.1 million in the same period last year, while operating expenses increased $11.4 million to $78.9 million. Gross profit was $104.1 million. CEO Efraim Grinberg said that despite a challenging U.S. market, international sales growth led its performance, noting particular strength in Europe, Latin America, China and the Middle East.

 

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