Movado Group Inc

VF Corp reported second-quarter revenues of $1.67 billion, up 1.3% year on year and 2% above analysts' expectations, but the owner of The North Face, Vans, and Supreme missed analysts' EPS estimates significantly, sending its stock down 22.5% since reporting to a current price of $14.15. The results came as the 15 consumer discretionary apparel and accessories stocks tracked in the group delivered a mixed quarter, with revenues as a group beating consensus by 1.2% while next quarter's revenue guidance came in 4.7% below estimates, and share prices across the group down an average of 17.1% since the latest earnings results. Figs posted the group's best quarter, with revenues of $196.6 million, up 28.8% year on year and 5.6% above expectations, alongside beats on EPS and EBITDA, lifting its stock 18.2% to $13.29. Stitch Fix had the weakest quarter, reporting revenues of $324.4 million, up 4.2% and in line with expectations, but delivering the group's weakest guidance update with full-year EBITDA guidance missing significantly, leaving its stock down 23.8% at $2.17. Movado reported revenues of $169.8 million, up 4.9% and 3.4% above expectations, with a beat on EPS, while Levi's posted revenues of $1.56 billion, up 8% and 2.9% above expectations, with an EPS beat but full-year EPS guidance slightly missing, and its stock is down 19.2% at $19.69.

Movado Group reported second-quarter fiscal 2027 net sales of $169.8 million, up 4.9% from $161.8 million a year earlier, with adjusted earnings per share rising to $0.54 from $0.23, including a $0.11 per-share benefit from IEEPA duty refunds. Adjusted operating profit increased to $15.1 million from $7 million, and gross margin improved to 59.4% from 54.1%, or 57.5% excluding the refunds, a 340-basis-point gain. The company cited strength in the U.S., Latin America, India, and Europe, while the Middle East declined, and it ended the quarter with $211.6 million in cash and no debt. Movado also announced it will discontinue providing an annual outlook, but expects mid-single-digit top-line growth for the remainder of the fiscal year and second-half gross margin between 55% and 56%. CEO Efraim Grinberg highlighted strong consumer demand and the upcoming launch of Kate Spade watches next fiscal year under an expanded partnership with Tapestry.

Oxford Industries will report its quarterly earnings after market close on Thursday, with analysts expecting revenue to decline 2.1% year on year, an improvement from the 4% drop in the same quarter last year. The fashion conglomerate met revenue expectations last quarter with $391.4 million in revenue, flat year on year, though full-year guidance slightly missed estimates. Analysts have generally reconfirmed their forecasts over the past month, and the stock trades at $37.98 against an average price target of $40. Peers Figs and Movado have already reported strong results, with Figs beating expectations by 5.6% and Movado by 3.4%, while the broader apparel and accessories group has underperformed, with shares down 7.2% on average over the last month.

Movado Group reported strong fiscal second-quarter results, with sales rising 4.9% to $169.8 million and diluted earnings per share increasing to $0.54 from $0.23. Adjusted operating income more than doubled to $15.1 million, driven by broad-based growth across U.S. and international markets, product launches, pricing actions, and lower promotions. Gross margin reached 59.4%, helped by $3.2 million in IEEPA duty refunds, but management expects second-half gross margin to be 55%–56% as those benefits fade. The company anticipates mid-single-digit sales growth for the remainder of fiscal 2027 and will no longer provide an annual outlook. Movado also plans to expand its partnership with Tapestry, launching Kate Spade watches next fiscal year.

Zacks Investment Research featured Green Dot, Priority Technology, and Movado Group as small-cap stocks with bullish outlooks, each carrying a Zacks Rank #1 (Strong Buy). Green Dot posted a strong double-beat in its latest quarter, with sales growing nearly 18% year-over-year and gross dollar volume reaching $43.2 billion, while its current-year consensus EPS estimate of $1.68 has risen nearly 17% over the past year. Priority Technology saw 11.1% year-over-year sales growth and gross margin expansion of roughly 70 basis points, affirming its full-year guidance, with consensus estimates pointing to 20% EPS growth this fiscal year and 17% in fiscal 2027. Movado Group crushed the Zacks Consensus EPS estimate by more than 430% and posted a 5% sales surprise, with revenue of $142 million climbing over 8% year-over-year and adjusted EPS soaring 300%.

Tapestry reported first-quarter revenues of $1.92 billion, up 21.2% year on year and beating analyst estimates by 7.6%, making it the standout performer among 15 tracked consumer discretionary apparel and accessories stocks. The group as a whole exceeded revenue consensus by 1.6% and issued in-line guidance for the next quarter, with share prices up an average 4.9% since reporting. Movado posted the best stock reaction, rising 25.4% after revenues of $142.4 million beat by 5.4%, while Under Armour was the weakest, with flat revenues of $1.17 billion and a 6.7% share decline following disappointing EPS guidance. Stitch Fix and G-III also beat estimates, with Stitch Fix reporting $340.3 million in revenue and G-III reporting $536 million, though G-III's revenue fell 8.2% year on year.