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Fubo quarterly plan8/3/2023 ![]() Drilling down into the financials, things look even better. Movado Group has grown steadily throughout the last decade, producing $103 million in net income over the last 12 months on $763 million in total revenue. While it does not have the cache of other mass watch producers like Rolex or Omega, it does earn a good deal of money. Movado, the flagship brand in the portfolio, is still a recognized luxury brand in the $600 billion market. Today Movado also owns the Concord and EBEL brands, along with licensing deals for Coach, Hugo Boss, Lacoste, MVMT, Olivia Burton, Tommy Hilfiger and Scuderia Ferrari watch brands.? The Museum watch features a simple black dial with a single dot at the 12 o'clock position, which has become a signature element of the company's design aesthetic. Over the years, Movado has collaborated with a number of famous designers, including Nathan George Horwitt, who created the iconic Museum watch in 1947. The brand has received over 200 awards and has more than 100 patents for watch designs and time technology.įounded in 1881 in La Chaux-de-Fonds, Switzerland by Achille Ditesheim, the company initially focused on designing and manufacturing pocket watches, but in 1905, it began producing wristwatches, which became increasingly popular. Movado is widely acclaimed for its contemporary design and the iconic Museum dial. Warning! GuruFocus has detected 4 Warning Signs with BIRD. ![]() With Movado expected to report quarterly numbers this week, the stock should be on your radar if nothing else. More importantly, it continues to pay a 4.2% dividend while trading at just 8 times earnings. Currently, its stock looks undervalued after experiencing a relatively flat 2022. ![]() (NYSE:MOV) is one of the most important companies in this space. The watch industry could be one of the most stable growth, long-lasting sectors in the entire global economy.
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