PARAMUS, N.J. – Movado Group, Inc. (NYSE: NYSE:MOV) has reported its financial results for the fourth quarter, revealing a mixed performance with a revenue beat but an earnings shortfall. The luxury watchmaker announced a fourth-quarter adjusted EPS of $0.55, which fell short of the analyst consensus of $0.62. However, the company’s revenue outperformed expectations, coming in at $179.6 million against the estimated $174.8 million. Despite the earnings miss, Movado’s revenue for the quarter represented a 7.5% decline from the previous year’s $194.3 million. The company attributed the decrease to lower sales in wholesale customers’ brick-and-mortar stores, online retail, and Movado Company Stores. U.S. net sales saw a 12.4% drop compared to the fourth quarter of the last fiscal year, while…
