Movado Group, Inc. Files 2024 Annual Report on Form 10-K

TL;DR

<b>Movado Group, Inc. has filed its annual 10-K report for the fiscal year ending January 31, 2024.</b>

AI Summary

MOVADO GROUP INC (MOVAA) filed a Annual Report (10-K) with the SEC on March 26, 2024. Movado Group, Inc. filed its 10-K report for the fiscal year ending January 31, 2024. The filing covers the period from February 1, 2023, to January 31, 2024. The company's principal executive offices are located in Paramus, NJ. Movado Group, Inc. was formerly known as North American Watch Corp. The SIC code for the company is 3873 (Watches, Clocks, Clockwork Operated Devices/Parts).

Why It Matters

For investors and stakeholders tracking MOVADO GROUP INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Movado Group's financial performance, business operations, and risk factors for the fiscal year 2024. Investors and analysts can use this report to assess the company's financial health, strategic direction, and potential future performance.

Risk Assessment

Risk Level: medium — MOVADO GROUP INC shows moderate risk based on this filing. The company operates in the watch and accessory industry, which can be subject to changing consumer preferences and economic downturns, as indicated by its SIC code and business description.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Movado Group's performance and outlook for the upcoming fiscal year.

Key Numbers

• 2024-01-31 — Fiscal Year End (FISCAL YEAR END)
• 2024-03-26 — Filing Date (FILED AS OF DATE)
• 001-16497 — SEC File Number (SEC FILE NUMBER)
• 3873 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

• MOVADO GROUP INC (company) — COMPANY CONFORMED NAME
• 2024-01-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-03-26 (date) — FILED AS OF DATE
• Paramus, NJ (location) — BUSINESS ADDRESS CITY STATE
• NORTH AMERICAN WATCH CORP (company) — FORMER COMPANY
• 3873 (industry_code) — STANDARD INDUSTRIAL CLASSIFICATION
• 001-16497 (filing_id) — SEC FILE NUMBER
• 201-267-8000 (phone) — BUSINESS PHONE

FAQ

Industry Context

Movado Group operates within the watch and clock manufacturing industry, a sector influenced by luxury goods markets and consumer spending habits.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business and financial condition.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and cash flow.
2. Review the 'Risk Factors' section for potential challenges and uncertainties facing the company.
3. Examine management's discussion and analysis (MD&A) for insights into strategic initiatives and outlook.

Key Dates

• 2024-01-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-26: Filing Date — Date the 10-K report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing analyzed for the fiscal year ending January 31, 2024. No prior period comparison is available within this specific document.

Key Financial Figures

• $0.01 — ch Registered Common stock, par value $0.01 per share MOV New York Stock Exchan
• $10,000 — Movado Group, Inc. Brands Exclusive $10,000 and over — Luxury $1,300 to $9,90
• $1,300 — usive $10,000 and over — Luxury $1,300 to $9,900 Concord and EBEL Accessib
• $9,900 — 0,000 and over — Luxury $1,300 to $9,900 Concord and EBEL Accessible Luxury
• $395 — Concord and EBEL Accessible Luxury $395 to $3,995 Movado Moderate and Fashi
• $3,995 M — and EBEL Accessible Luxury $395 to $3,995 Movado Moderate and Fashion $75 to $5
• $75 — 3,995 Movado Moderate and Fashion $75 to $595 Coach, Hugo Boss, Lacoste, Ol
• $595 — Movado Moderate and Fashion $75 to $595 Coach, Hugo Boss, Lacoste, Olivia Bur

Filing Documents

• mov-20240131.htm (10-K) — 3724KB
• mov-ex10_2.htm (EX-10.2) — 145KB
• mov-ex10_4.htm (EX-10.4) — 71KB
• mov-ex10_5.htm (EX-10.5) — 56KB
• mov-ex10_21.htm (EX-10.21) — 51KB
• mov-ex10_22.htm (EX-10.22) — 268KB
• mov-ex21_1.htm (EX-21.1) — 12KB
• mov-ex23_1.htm (EX-23.1) — 2KB
• mov-ex31_1.htm (EX-31.1) — 10KB
• mov-ex31_2.htm (EX-31.2) — 10KB
• mov-ex32_1.htm (EX-32.1) — 6KB
• mov-ex32_2.htm (EX-32.2) — 6KB
• mov-ex97_1.htm (EX-97.1) — 52KB
• img29905351_0.jpg (GRAPHIC) — 34KB
• img219813816_0.jpg (GRAPHIC) — 205KB
• 0000950170-24-036181.txt (&nbsp;) — 18421KB
• mov-20240131.xsd (EX-101.SCH) — 2322KB
• mov-20240131_htm.xml (XML) — 3775KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS

Business

Item 1. Business GENERAL In this Form 10-K, all references to the "Company," "Movado Group," "we," "us" or "our" include Movado Group, Inc. and its subsidiaries, unless the context requires otherwise. The Company's common stock is traded on the NYSE under the trading symbol MOV. Movado Group designs, sources, markets and distributes quality watches globally. Its portfolio of watch brands is currently comprised of owned brands MOVADO , CONCORD , EBEL , OLIVIA BURTON and MVMT as well as licensed brands COACH , TOMMY HILFIGER , HUGO BOSS , LACOSTE and CALVIN KLEIN . The Company is a leader in the design, development, marketing and distribution of watch brands sold in almost every major category comprising the watch industry. The Company also designs, sources, markets and distributes jewelry and other accessories under most of its brands. The Company was incorporated in New York in 1967 under the name North American Watch Corporation to acquire Piaget Watch Corporation and Corum Watch Corporation, which had been, respectively, the exclusive importers and distributors of Piaget and Corum watches in the United States since the 1950's. Since then, strategic acquisitions of watch brands and their subsequent growth, along with license agreements, have played an important role in the expansion of the Company's brand portfolio. Over time, the Company has developed its brand-building reputation and approach across an expanding number of brands and geographic markets. In 1970, the Company acquired the Concord brand and the Swiss company that had been manufacturing Concord watches since 1908. In 1983, the Company acquired the U.S. distributor of Movado watches and substantially all of the assets related to the Movado brand from the Swiss manufacturer of Movado watches. The Company changed its name to Movado Group, Inc. in 1996. The Company sold its Piaget and Corum distribution businesses in 1999 and 2000, respectively, to focus on its own portfolio of brands. In March

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