MOV on NYSE

Movado

Logo: Movado, Public domain, via Wikimedia Commons4

American luxury watchmaker

Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.3 It was founded by Ditisheim.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$671.3MRevenue, fiscal 20265
$26.6MNet income, fiscal 20265
1881Founded1

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  • TickerMOV on NYSE1
  • IndustryWatches, Clocks, Clockwork Operated Devices/Parts1
  • HeadquartersParamus1
  • Founded inLa Chaux-de-Fonds1
  • Websitewww.movado.com
  • Incorporated inNY6
  • Business address650 From Road, Suite 375, Paramus, Nj 076526
  • Filer categoryAccelerated filer6

Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

54.2%Gross margin5
4.4%Operating margin5
4.0%Net margin5
2.7%Revenue growth, 20265
5.2%Return on equity5
$53.4MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Watch And Accessory Brands brought in 85% of the revenue Movado broke down this way in fiscal 2026.

  1. Watch And Accessory Brands$568.3M585%up 2% from 2025
  2. Company Stores$103.0M515%up 6% from 2025
Business segments by year
Business segments202420252026
Watch And Accessory Brands$560.5M$556.4M$568.3M
Company Stores$103.9M$97.0M$103.0M

Regions

Outside the United States brought in 57% of the revenue Movado broke down this way in fiscal 2026.

  1. Outside the United States$380.8M557%up 2% from 2025
  2. United States$290.5M543%up 4% from 2025
Regions by year
Regions202420252026
Outside the United States$374.1M$374.8M$380.8M
United States$290.3M$278.5M$290.5M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue46¢$307.7M
  • Selling, general and admin49¢$333.8M
  • Interest0¢$507.0K
  • Income tax1¢$7.5M
  • Profit4¢$26.6M

Out of $671.3M in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Capital spending8¢$4.5M
  • Dividends paid54¢$31.1M
  • Share buybacks7¢$3.9M
  • Kept or used elsewhere32¢$18.5M

Out of $57.9M of cash from operations.5

Financial statements

Revenue891011125$671.3M in 2026−1% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $679.6M$679.6M20192020: $701.0M$701.0M2020+3%2021: $506.4M$506.4M2021−28%2022: $732.4M$732.4M2022+45%2023: $744.2M$744.2M2023+2%2024: $664.4M$664.4M2024−11%2025: $653.4M$653.4M2025−2%2026: $671.3M$671.3M2026+3%
Gross profit891011125$363.6M in 2026−2% since 2019
0$200.0M$400.0M$600.0M2019: $369.4M$369.4M20192020: $374.9M$374.9M2020+1%2021: $270.5M$270.5M2021−28%2022: $419.1M$419.1M2022+55%2023: $429.1M$429.1M2023+2%2024: $364.2M$364.2M2024−15%2025: $353.1M$353.1M2025−3%2026: $363.6M$363.6M2026+3%
Operating income891011125$29.8M in 2026−52% since 2019
-$200.0M-$100.0M0$100.0M$200.0M2019: $62.2M$62.2M20192020: $43.0M$43.0M2020−31%2021: -$142.1M-$142.1M20212022: $117.5M$117.5M20222023: $115.6M$115.6M2023−2%2024: $48.5M$48.5M2024−58%2025: $20.0M$20.0M2025−59%2026: $29.8M$29.8M2026+49%
Net income891011125$26.6M in 2026−57% since 2019
-$200.0M-$100.0M0$100.0M2019: $61.6M$61.6M20192020: $42.7M$42.7M2020−31%2021: -$111.5M-$111.5M20212022: $91.6M$91.6M20222023: $90.4M$90.4M2023−1%2024: $41.3M$41.3M2024−54%2025: $18.4M$18.4M2025−56%2026: $26.6M$26.6M2026+45%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-01-312025-01-312024-01-31
Net sales$671.3M$653.4M$664.4M
Cost of sales$307.7M$300.2M$300.2M
Gross profit$363.6M$353.1M$364.2M
Selling, general and administrative$333.8M$333.1M$315.7M
Operating income$29.8M$20.0M$48.5M
Other income, net$5.0M$7.1M$6.0M
Interest expense-$507.0K-$489.0K-$497.0K
Income before income taxes$34.4M$26.7M$54.0M
Provision for income taxes (Note 12)$7.5M$7.4M$11.8M
Net income$26.9M$19.2M$42.2M
Less: Net income attributable to noncontrolling interest$316.0K$845.0K$830.0K
Net income attributable to Movado Group, Inc.$26.6M$18.4M$41.3M
Weighted basic average shares outstanding22.2M shares22.3M shares22.2M shares
Net income per share attributable to Movado Group, Inc.$1.19$0.82$1.86
Weighted diluted average shares outstanding22.6M shares22.6M shares22.6M shares
Net income per share attributable to Movado Group, Inc.$1.17$0.81$1.83

Compare Movado with another company

Corporate structure

Movado sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Movado

  • Movado Paramus

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Movado reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$124.0M5 Jan 31, 2026$120.1M5 Jan 31, 2025+3.2%
Accumulated depreciation$106.8M5 Jan 31, 2026$100.2M5 Jan 31, 2025+6.7%
Property and equipment, net$17.1M5 Jan 31, 2026$19.9M5 Jan 31, 2025−14.1%
Operating-lease assets (leased space)$67.9M5 Jan 31, 2026$86.0M5 Jan 31, 2025−21.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$230.5M5 Jan 31, 2026$208.5M5 Jan 31, 2025+10.6%
Stakes in other companies (equity method)$500.0K5 Jan 31, 2026$500.0K12 Jan 31, 20250%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, net$4.2M5 Jan 31, 2026$5.5M5 Jan 31, 2025−24.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$158.3M5 Jan 31, 2026$156.7M5 Jan 31, 2025+1.0%
Work in process$3.0M5 Jan 31, 2026$3.6M5 Jan 31, 2025−17.0%
Finished goods$128.2M5 Jan 31, 2026$129.2M5 Jan 31, 2025−0.8%

Properties, in its own words

The Company leases various facilities in North America, Europe, the Middle East and Asia for its corporate, watch assembly, distribution and sales operations. As of January 31, 2026, the Company’s leased facilities individually comprising more than 20,000 square feet were as follows:

Location · Function · SquareFootage · LeaseExpiration

The rest of Item 2

Moonachie, New Jersey · Watch distribution and repair · 100,000 · August 2035

Paramus, New Jersey · Executive offices · 90,100 · June 2030

Bienne, Switzerland · Corporate and sales functions and watch distribution, assembly and repair · 56,700 · December 2032

Hong Kong · Watch distribution · 44,800 · April 2027

The foregoing facilities, as well as 14 additional leased facilities worldwide averaging approximately 4,100 square feet, are used exclusively in connection with the Watch and Accessory Brands segment of the Company’s business except that a portion of the Company’s executive office space in Paramus, New Jersey is used in connection with management of its retail business.

Since acquiring EBEL in 2004, the Company owns an architecturally significant building in La Chaux-de-Fonds, Switzerland.

The Company also leases retail space averaging 1,700 square feet per store with leases expiring with various dates through August 2034 for the operation of the Company’s 57 retail outlet locations.

The Company believes that its existing facilities are suitable and adequate for its current operations.

Item 2 of the 10-K filed Mar 19, 2026.17

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Ditisheim in 1881, in La Chaux-de-Fonds.1

Achille Ditesheim founded the business In the watchmaking town of La Chaux-de-Fonds in 1881. The Ditesheim family, a Jewish watchmaker family, owned several companies in the area.

In 1892 Leopold, Achille, and Isidore combined their separate businesses to create "L.A. & I. Ditesheim, Fabricants." This was one of the first modern factories in the area following the watchmaking crisis of the 1870s. Having arrived over the course of the century, many Jewish traders, craftsmen and entrepreneurs were less attached to traditional working models, and thus played a major role in innovating the Swiss watch industry.

Within 20 years, the company had more than 80 employees and was internationally known for its wide variety of pocket watches. Movado began to produce wristwatches, and the company expanded again in 1905, now employing more than 150 workers. It was at this time that it was renamed Movado, which means "always in motion" in Esperanto.

In 1983, the company was purchased by North American Watch Corporation, founded by Gedalio Grinberg, a Cuban-born Jew who fled Fidel Castro's Marxist Revolution in 1960 with his family.

His son, Efraim Grinberg, is the chairman and chief executive officer of Movado Group, Inc. The North American President of Movado is Alan Chinich.

On February 23, 1999, Movado Group, Inc. completed the sale of Piaget's business to VLG North America, Inc., for approximately $30 million. In August 2018, Movado acquired watch startup MVMT, which was founded in 2013, for more than $100 million.

From Wikipedia’s article on Movado, shared under CC BY-SA 4.0.7

Leadership

Who has led Movado, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (28)

Products and brands

  • watch

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Oct 8, 20268-K Other events53
  2. Aug 26, 20268-K Results of operations54
  3. Jul 16, 20268-K Entered a material agreement; New debt or obligation55
  4. Jun 22, 20268-K Shareholder vote56
  5. May 27, 20268-K Results of operations57
  6. Apr 1, 20268-K Entered a material agreement58
  7. Mar 19, 20268-K Results of operations59
  8. Nov 25, 20258-K Results of operations60
  9. Aug 28, 20258-K Results of operations61
  10. Jun 23, 20258-K Shareholder vote62
  11. May 29, 20258-K Results of operations63
  12. Apr 16, 20258-K Results of operations64
  13. Jul 2, 2003New chief executive Efraim Grinberg becomes CEO18
  14. 1881Founded Founded in La Chaux-de-Fonds1

Calendar

Coming up

  1. Nov 24, 2026Reports results for the quarter ending Oct/2026 A year earlier it reported $0.45 a share, on Nov 25, 2025.65

When it reported results

  1. Aug 26, 2026Reported quarterly or annual results54
  2. May 27, 2026Reported quarterly or annual results57
  3. Mar 19, 2026Reported quarterly or annual results59
  4. Nov 25, 2025Reported quarterly or annual results60
  5. Aug 28, 2025Reported quarterly or annual results61
  6. May 29, 2025Reported quarterly or annual results63
  7. Apr 16, 2025Reported quarterly or annual results64
  8. Apr 11, 2025Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

370 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 252 insider forms, 29 large holders, 31 other. The latest 20:

  1. Oct 8, 20268-K EDGAR
  2. Oct 1, 20264 OWNERSHIP DOCUMENT EDGAR
  3. Oct 1, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Oct 1, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Oct 1, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Oct 1, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Oct 1, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Oct 1, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Aug 26, 202610-Q EDGAR
  10. Aug 26, 20268-K EDGAR
  11. Jul 22, 2026SCHEDULE 13G/A EDGAR
  12. Jul 16, 20268-K EDGAR
  13. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jul 2, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Jun 24, 20264 OWNERSHIP DOCUMENT EDGAR

The 370 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

40 open-market trades by officers, directors and large owners since October 2021: 0 buys and 40 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 9, 2025Kennedy MichelleSVP, Human ResourcesSale1,290$20.89$26.9KForm 4
Jul 17, 2024Kennedy MichelleSVP, Human ResourcesSale1,245$26.05$32.4KForm 4
Dec 22, 2023DEMARSILIS SALLIE AChief Financial OfficerSale31,630$30.62$968.6KForm 4
Dec 21, 2023DEMARSILIS SALLIE AChief Financial OfficerSale13,210$30.84$407.3KForm 4
Jan 11, 2023DElia VivianSenior VP Human ResourcesSale2,700$34.14$92.2KForm 4
Jan 5, 2023KIRSCHNER ANNDirectorSale5,000$33.88$169.4KForm 4
Apr 12, 2022Isserman Richard DDirectorSale5,000$37.86$189.3KForm 4
Apr 4, 2022KIRSCHNER ANNDirectorSale3,800$39.41$149.7KForm 4
Jan 7, 2022GRINBERG EFRAIMChairman - CEOSale4,250$41.07$174.5KForm 4
Jan 6, 2022GRINBERG ALEXANDERDirectorSale12,997$41.21$535.6KForm 4
Jan 6, 2022GRINBERG EFRAIMChairman - CEOSale3,000$41.36$124.1KForm 4
Jan 5, 2022GRINBERG ALEXANDERDirectorSale4,935$43.05$212.5KForm 4
Jan 5, 2022GRINBERG ALEXANDERDirectorSale7,003$42.05$294.4KForm 4
Jan 5, 2022GRINBERG EFRAIMChairman - CEOSale1,200$41.95$50.3KForm 4
Jan 4, 2022GRINBERG EFRAIMChairman - CEOSale3,000$42.23$126.7KForm 4
Jan 3, 2022GRINBERG ALEXANDERDirectorSale4,935$43.05$212.4KForm 4
Jan 3, 2022GRINBERG EFRAIMChairman - CEOSale7,889$42.58$335.9KForm 4
Jan 3, 2022GRINBERG ALEXANDERDirectorSale4,935$43.05$212.4KForm 4
Dec 31, 2021GRINBERG EFRAIMChairman - CEOSale3,000$41.76$125.3KForm 4
Dec 30, 2021GRINBERG EFRAIMChairman - CEOSale5,000$42.11$210.6KForm 4

All 40 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Efraim GrinbergChair and Chief Executive Officer68$1.3M$5.2M73
2026Sallie A. DeMarsilisEVP, Chief Financial Officer61$672.8K$1.7M73
2026Behzad SoltaniEVP, Chief Operating Officer54$621.0K$1.6M73
2026Michelle KennedySVP, Chief Human Resources Officer59$473.4K$990.7K73
2026Mitchell C. SussisSVP, General Counsel and Secretary61$473.4K$960.3K73
2025Efraim GrinbergChair and Chief Executive Officer68$1.3M$5.2M73
2025Sallie A. DeMarsilisEVP, Chief Financial Officer61$693.8K$1.3M73
2025Behzad SoltaniEVP, Chief Operating Officer54$640.4K$1.2M73
2025Mitchell C. SussisSVP, General Counsel and Secretary61$480.3K$748.5K73
2025Michelle KennedySVP, Chief Human Resources Officer59$480.3K$741.7K73
2024Efraim GrinbergChair and Chief Executive Officer68$1.3M$5.1M73
2024Sallie A. DeMarsilisEVP, Chief Financial Officer61$650.0K$1.2M73
2024Behzad SoltaniEVP, Chief Operating Officer54$600.0K$1.1M73
2024Michelle KennedySVP, Chief Human Resources Officer59$398.1K$1.1M73
2024Mitchell C. SussisSVP, General Counsel and Secretary61$443.7K$702.3K73

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,343,788$52.8M0.0%+137,345
Goldman Sachs Group Inc943,101$37.1M0.0%+28,120
Dimensional Fund Advisors LP879,147$34.6M0.0%+26,531
Royce & Associates LP826,569$32.5M0.3%−337,765
Ameriprise Financial Inc673,843$26.5M0.0%+71,391
Vanguard Capital Management LLC667,375$26.2M0.0%+9,691
American Century Companies Inc459,296$18.1M0.0%+58,300
Geode Capital Management, LLC450,086$17.7M0.0%+68,899
State Street Corp375,604$14.8M0.0%+15,270
Aqr Capital Management LLC360,725$14.2M0.0%+34,873
Mackenzie Financial Corp360,606$14.2M0.0%+330,003
Vanguard Portfolio Management LLC360,572$14.2M0.0%+110,531
Charles Schwab Investment Management Inc288,587$11.3M0.0%−68,974
Qube Research & Technologies Ltd253,126$10.0M0.0%+125,141
Gamco Investors, Inc. Et Al251,500$9.9M0.1%+6,000
Jacobs Levy Equity Management, Inc244,037$9.6M0.0%−17,616
Prudential Financial Inc228,688$9.0M0.0%+181,407
Arrowstreet Capital, Limited Partnership212,546$8.4M0.0%−72,592
Jpmorgan Chase & Co208,832$8.2M0.0%+175,999
Bridgeway Capital Management, LLC196,407$7.7M0.1%−25,428
Northern Trust Corp184,634$7.3M0.0%+28,572
Bank of New York Mellon Corp169,535$6.7M0.0%+4,215
Lazard Asset Management LLC161,752$6.4M0.0%+37,109
Morgan Stanley159,391$6.3M0.0%+43,000
Citadel Advisors LLC140,276$5.5M0.0%+64,033

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Movado is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMOVADO GROUP INC2
  • CIK0000072573
  • Employer ID (EIN)13-259593217
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inNew York17
  • Fiscal year endsJanuary 312
  • Industry code (SIC)3873 Watches, Clocks, Clockwork Operated Devices/Parts2
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance2
  • Business address650 From Road, Suite 375, Paramus, NJ 076522
  • Phone201-267-80002
  • Shares outstanding15,622,386 Common Stock Class Undefined shares; 6,455,602 Common Class A shares as of Mar 13, 202617
  • Public float$237.0M as of Jul 31, 202517
  • AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceMay 24, 19962
  • Filings2,011 in all: 4 (1,212), 8-K (208), SC 13G/A (141), 10-Q (92), 4/A (60), SC 13G (52), DEF 14A (31), 10-K (28)2
    All 36 form types

    3 (19), DEFA14A (19), UPLOAD (18), CT ORDER (17), SD (13), ARS (12), CORRESP (12), 144 (11), 5 (11), S-8 POS (10), S-8 (9), SCHEDULE 13G/A (8), SC 13D (4), 8-K/A (3), PRE 14A (3), SC 13D/A (3), 10-K/A (2), 10-K405 (2), SEC STAFF LETTER (2), 10-Q/A (1), 144/A (1), 424B1 (1), 5/A (1), 8-A12B (1), S-3 (1), S-3/A (1), S-3MEF (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 19, 2026
    Quarterly report (10-Q) Aug 26, 2026
    Proxy statement (DEF 14A) May 6, 2026
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.01 per shareMOVNew York Stock Exchange

From the cover page of the 10-K filed Mar 19, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Movado names in Item 1A of its 10-K filed Mar 19, 2026: 42 risks under these headings, as written.17

  • Risks Related to Macroeconomic Conditions and International Operations
  • Adverse economic conditions in key markets, and the resulting declines in consumer confidence and spending, could have a material adverse effect on the Company’s operating results.
  • A significant portion of the Company’s business is conducted outside of the United States. Many factors affecting business activities outside the United States could adversely impact this business.
  • The Company’s business is subject to foreign currency exchange rate risk.
  • Additional U.S. tariffs and other trade restrictions, along with retaliatory measures by other countries, could materially adversely affect the Company’s business, financial condition and results of operations.
  • There are inherent limitations in all control systems, and misstatements due to error or fraud may occur and not be detected.
  • If the Company identifies a material weakness in its internal control over financial reporting, or if its internal controls are otherwise ineffective, the Company may not be able to accurately report its financial results, which could materially adversely affect the Company’s business, financial condition and results of operations.
  • The Company's inability to successfully recover from extreme weather conditions, natural disasters or other catastrophic events or developments impacting business continuity or sales opportunities could result in loss of human capital, revenue, production capability, logistics efficiency, reputational harm or legal liability, any of which could materially harm its financial condition and results or operations.
  • Risks Related to the Company's Business
  • The Company’s wholesale business could be negatively affected by the consumer shift toward online shopping, as well as by further changes of ownership, contraction and consolidation in the retail industry.
  • The Company faces intense competition in the worldwide watch industry not only from competitors selling traditional watches but also from those selling smart watches and other wearables.
  • The design, sourcing, marketing, distribution and after-sales servicing of smart watches involve additional challenges to those applicable to traditional watches.
The other 32 risks
  • Maintaining favorable brand recognition is essential to the Company’s success, and failure to do so could materially and adversely affect the Company’s results of operations.
  • Regulatory restrictions and a changing marketing environment could materially and adversely affect the Company's ability to penetrate key market segments, resulting in the loss of market share and revenue.
  • Requirements to meet environmental, social and governance regulations, expectations or standards could adversely affect the Company’s business, reputation, results of operations and financial condition.
  • If the Company loses any of its license agreements, there may be significant loss of revenues and a negative effect on business.
  • Changes in the sales or channel mix of the Company’s products could impact gross profit margins.
  • The Company’s business is seasonal, so events and circumstances that adversely affect holiday consumer spending will have a disproportionately adverse effect on the Company’s results of operations.
  • Sales in the Company’s retail outlet locations are dependent upon customer foot traffic and average order size.
  • If the Company is unable to maintain existing space or to lease new space for its retail outlets in prime outlet center locations or is unable to complete construction on a timely basis, the Company’s ability to achieve favorable results in its retail business could be adversely affected.
  • The Company’s e-commerce business is subject to numerous risks that could have an adverse effect on the Company’s business and results of operations.
  • If the technology-based systems that give the Company’s customers the ability to shop online do not function effectively, the Company’s operating results could be materially adversely affected.
  • Environmental factors, including climate change, and related regulatory action and consumer response, could substantially and negatively affect the Company's financial results.
  • If the Company misjudges the demand for its products, high inventory levels could adversely affect future operating results and profitability.
  • If the Company were to lose its relationship with any of its key customers or distributors or any of such customers or distributors were to experience financial difficulties, there may be a significant loss of revenue and operating results.
  • The inability or difficulty of the Company’s customers, suppliers and business partners to obtain credit could materially and adversely affect its results of operations and liquidity.
  • An increase in product returns or lost product could negatively impact the Company’s operating results and profitability.
  • The Company relies on independent parties to manufacture its products. Any loss of an independent manufacturer, or the Company’s inability to deliver quality goods in a timely manner, could have an adverse effect on customer relations, brand image, net sales and results of operations.
  • Interruptions at any of the Company’s major warehouse and distribution centers could materially adversely affect its business.
  • Current or future cost reduction, streamlining, restructuring or business optimization initiatives could result in the Company incurring significant charges.
  • The Company depends on its information systems to run its business and any significant breach of or disruption to those systems could materially disrupt the Company’s business.
  • If the Company is unable to successfully implement its growth strategies, its future operating results could suffer.
  • Acquisitions inherently involve significant risks and uncertainties.
  • Impairment charges could have an adverse impact on the Company's results of operations.
  • The loss or infringement of the Company’s trademarks or other intellectual property rights could have an adverse effect on future results of operations.
  • Changes to laws or regulations impacting the industries in which the Company operates could require it to alter its business practices which could have a material adverse effect on its results of operations.
  • Changes to tax laws or regulations could have a material adverse effect on the Company’s financial condition and results of operations.
  • The Company is subject to complex and evolving laws and regulations regarding privacy and data protection that could result in legal claims, changes to business practices and increased costs that could materially and adversely affect the Company’s results of operations.
  • If the Company were to experience a significant privacy breach, it could be subject to costly government enforcement actions and private litigation and suffer significant negative publicity which could materially and adversely affect the Company’s results of operations.
  • From time to time the Company is subject to legal proceedings that could result in significant expenses, fines and reputational damage.
  • If the Company were to lose key members of management or be unable to attract and retain the talent required for the business, operating results could suffer.
  • If the Company cannot secure and maintain financing and credit on favorable terms, the Company’s financial condition and results of operations may be materially adversely affected.
  • Risks Related to an Investment in the Company's Common Stock
  • The Grinberg family owns a majority of the voting power of the Company’s stock.
  • The Company’s stock price could fluctuate and possibly decline due to changes in revenue, operating results and cash flows.

Legal proceedings

The Company is involved in legal proceedings and claims from time to time, in the ordinary course of its business. Legal reserves are recorded in accordance with the accounting guidance for contingencies. Contingencies are inherently unpredictable and it is possible that results of operations, balance sheets or cash flows could be materially and adversely affected in any particular period by unfavorable developments in, or resolution or disposition of, such matters. For those legal proceedings and claims for which the Company believes that it is probable that a reasonably estimable loss may result, the Company records a reserve for the potential loss. For proceedings and claims where the Company believes it is reasonably possible that a loss may result that is materially in excess of amounts accrued for the matter, the Company either discloses an estimate of such possible loss or range of loss or includes a statement that such an estimate cannot be made.

On April 28, 2025, the Company received a voluntary request from the Division of Enforcement of the Securities and Exchange Commission (the “SEC”) for documents and information relating to the restatement previously reported in fiscal year 2025. The Company is cooperating with the SEC in responding to those requests.

The opening of Item 3, Legal Proceedings.17

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