Reflecting the anemic retail environment, Movado Group Inc. posted double-digit declines in third-quarter income and sales, and lowered guidance for the year.
For the three months ended Oct. 31, the Paramus, N.J.-based watch company said income fell 40.7 percent to $15.7 million, or 62 cents a diluted share, compared with $26.5 million, or 97 cents, in the year-ago quarter. Sales declined 24.6 percent to $135.8 million from $180.2 million. Adjusted earnings per share for the most recent quarter was 53 cents, 24 cents below the consensus estimate.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)