Movado Group Exceeds Expectations in Q4 2026, Reporting Strong Growth Across Strategic Priorities
New York, NY - March 19, 2026 - Movado Group, Inc. has announced its financial results for the fourth quarter and full year of fiscal 2026, exceeding expectations and showcasing significant growth across strategic priorities.
According to Efraim Grinberg, Chairman and Chief Executive Officer of Movado Group, the company's revenue increased by 2.7% to $671.3 million, with adjusted operating income growing 28.7% to $34.8 million. This strong performance was driven by a 5.6% increase in fourth-quarter sales to $191.6 million, led by the U.S. wholesale and retail business.
Adjusted operating income for the quarter grew by 6.2% to $14.4 million, demonstrating the company's ability to execute its strategic priorities effectively. Movado Group also generated strong operating cash flow of $57.9 million and ended the year with $230 million in cash and no debt, providing significant flexibility as it moves forward.
The company's focus on putting the customer at the center of everything they do has paid off, with continued strength in both the Fashion Watch and Accessible Luxury segments in the U.S. Importantly, Movado Group is seeing increased participation from younger consumers along with a strong return of women into the category, driven by smaller case sizes and jewelry-inspired designs and fresh styling.
In its company stores, Movado Group delivered a strong holiday season, with sales up 9% for the fourth quarter, driven by higher average selling prices, improved merchandising, and better in-store execution. The company's teams have done an excellent job elevating the consumer experience at the point of sale.
Movado Group also highlighted its commitment to delivering consumer and brand-focused innovation, which was a major driver of its momentum, particularly in the fourth quarter. Across its portfolio, traditional watches are resonating strongly, especially with younger consumers who are responding to new shapes, sizes, and design expressions.
Within the Movado brand, wholesale sales grew over 25%, and e-commerce business increased 18%, reflecting the success of brand refresh initiatives implemented about 18 months ago. The company had a number of exciting product highlights, including continued strength in its Mini Bangle collection and strong demand for its Movado 1917 Heritage collection.
Looking ahead, Movado Group is excited about the pipeline of innovation it will bring to consumers, with new products such as Velura, a beautiful new women's Museum watch, expanding its Movado BOLD offering with Verso S, and launching a new Heritage model inspired by the original Movado Kingmatic. The company is also expanding its jewelry collections, including its new Curve line for women.
Movado Group's licensed brands, Coach, performed very well, driven by Gen Z engagement and the continued success of the Sammy family, along with Cady and Reese.
Overall, Movado Group's Q4 2026 results demonstrate a strong commitment to executing its strategic priorities effectively and delivering innovative products that meet the evolving needs of consumers. The company's focus on innovation and customer-centricity has paid off, and it is well-positioned for continued growth and success in the future.
