How did Movado's revenue and expenses trend in Q3 2025?

Movado's revenue and expenses in Q3 2025 showed a decline in revenue and an increase in expenses compared to the same period in the previous year. 1. **Revenue Trend**: Movado's revenue in Q3 2025 was $182.7 million, which is a decrease of 2.7% year-over-year. This decline in revenue is a key financial indicator that suggests a challenging sales environment or strategic shifts in the company's market positioning. 2. **Expense Trend**: The company's net income in Q3 2025 was $8.3 million, compared to $17.4 million in the same period last year, indicating a significant drop in profitability. This decrease in net income suggests that expenses have increased or that the company has been less efficient in managing its costs relative to its revenue base. 3. **Profit Margin Impact**: The gross margin for Movado decreased to 53.8% in Q3 2025, down from 54.5% in the previous year. This decline in gross margin reflects a less favorable product and channel mix, which could be a result of increased costs or pricing pressures. 4. **Expense Impact on Net Income**: The operating income for Movado in Q3 2025 was $6.6 million, which included $2.7 million in cost-savings initiative expenses. This implies that despite cost-saving efforts, the company's core business operations are facing significant headwinds, leading to a substantial impact on net income. In summary, Movado faced a tough quarter with revenue declining and expenses increasing, leading to a drop in profitability as reflected by the net income and gross margin trends.