Movado group, inc. announces record fourth quarter and fiscal year 2022 results

Paramus, n.j.--(business wire)--movado group, inc. (nyse: mov) today announced fourth quarter and fiscal year 2022 results for the periods ended january 31, 2022. fiscal year 2022 highlights (see attached table for gaap and non-gaap measures) delivered topline growth of 44.6% or 42.8% on a constant dollar basis year over year; drove gross margin expansion of 380 bps from prior year period to 57.2% from 53.4%. adjusted gross margin was 53.6% of sales in fiscal 2021; generated operating income of
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