Movado group, inc. announces first quarter fiscal 2024 results

Paramus, n.j.--(business wire)--movado group, inc. (nyse: mov) today announced first quarter fiscal 2024 results for the period ended april 30, 2023. fiscal 2024 first quarter highlights (see attached table for gaap and non-gaap measures) delivered net sales of $144.9 million versus $163.4 million in the prior year period; generated gross margin of 56.6% as compared to 59.2% in the first quarter of fiscal 2023; generated operating income of $10.9 million as compared to $25.3 million in the prio.
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