The Three Quarter Profits Of The Company Are Expected To Exceed The Expected Fourth Quarter.

The US watchmaker Movado Group, Inc. (NYSE:MOV), the three quarter earnings report, concluded that in the three quarter of October 31, 2014, Movado's earnings per share recorded 0.87 dollars, slightly exceeding analysts' expectations of $0.86, earning 188 million 600 thousand US dollars, slightly below the 188 million 700 thousand US dollars expected by analysts.

News led to the opening of Movado's stock price. The deadline for news release was 3.49% 11:33AM 27.87.

Movado

Efraim Grinberg, the group's chief executive, said the group's own brand name is also the largest brand Movado Movado, but its overseas performance is worse than expected. Authorized brands, it is believed that with the advent of the holiday season and large-scale marketing activities, the fourth quarter will perform well.

Three quarter, acting

The decline in brand sales fell by 0.6% in the quarter compared with $189 million 700 thousand in the same period last year, and gross margins fell 40 basis points to 53%.

Group maintenance

The growth of 1%-2% to US $585 million -5.90 billion is expected, EPS is expected to be US $1.80 -1.90 US dollars.

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Apparel retailer Guess failed to meet market expectations in the three quarter, and the group lowered its annual target again.

In the three quarter ended November 2nd, Guess revenue fell by 3.9%, from $613 million 500 thousand last year to $589 million 900 thousand, less than $595 million 300 thousand in the market forecast.

Among them, the group's largest market, North America's retail sales fell by 4.2% to 243 million 200 thousand US dollars a year, and the same store sales fell 5%.

Sales in Europe and Asia fell by 5.5% and 2% to 189 million 900 thousand US dollars and 71 million 300 thousand US dollars respectively.

North America is also the only group of five major business sectors with a business deficit, with a loss of US $10 million 500 thousand, while European, Asian and authorized business profits decrease compared to the same period last year.

Net profit in the three quarter was US $20 million 800 thousand, a decrease of 38.9% over the same period last year of 34 million, a smaller reduction than expected in the market.

Diluted earnings per share declined from $0.40 to $0.24, far exceeding the market forecast of $0.18.

Operating profit decreased by 50.1% to 24 million 900 thousand US dollars compared with the same period last year, and the operating profit rate dropped by 390 basis points to 4.2%, compared to 8.1% last year, mainly due to higher stores' impairment expenses, declining sales in North America and Europe, and increased sales in North America.

Gross margin declined from 37.2% in the same period last year to 36.3%, a decline of 90 basis points.

Guess expects the current fourth quarter earnings per share will be in the range of 0.53-0.63 dollars, with revenue of 6.95-7.10 billion, and the two data are all worse than the market expected US $0.69 and US $747 million 100 thousand.

The group also reduced the annual earnings per share from the previous US $1.05-1.20 to US $1.00-1.10. The annual revenue is expected to be reduced from US $24.4-24.8 to US $100 million. The market expects the above two data to be US $1.10 and US $2 billion 470 million respectively. 1.05-1.20

Guess closed $22.17 on Wednesday, up 1.28%, and further increased 0.63% to $22.31 after the stock market, which has fallen by about 29% since 2014.