Movado bucks the trend of the economic slump in strong fourth quarter earnings.
DNR reports, “Earnings for the three months ended Jan. 31 grew 39.6 percent to $19.6 million, or 72 cents per diluted share, from $14 million, or 52 cents, in the same year-ago quarter. Sales declined 2.6 percent to $138.6 million from $142.3 million.”
This shows that consumers are still buying luxury products despite the tough times.
Movado Income Rises 21.3% [DNR]
