Movado Group Stock Falls 6% Following Decline In Q1 Earnings

(RTTNews) - Movado Group, Inc. (MOV) shares dropped 6.37 percent to $16.35 on Thursday after the company reported lower earnings for the first quarter of fiscal 2026. Net income fell to $1.4 million, or $0.06 per share, compared to $2.0 million, or $0.09 per share, in the same quarter last year. Net sales also declined slightly to $131.8 million from $134.4 million year over year. The stock opened at $15.71 and traded between $15.50 and $17.33 on the New York Stock Exchange. Volume stood at 227,972 shares, near its average daily volume of 232,119. Movado shares have traded between $12.85 and $26.96 over the past 52 weeks.