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May 30, 2008
Movada's First Quarter Earnings Sink 48%
Movado Group’s first quarter earnings plummeted 48% to $1.2 million on sluggish U.S. sales. Total sales for the period ended April 30 came in at $101.4 million, or 2.7% higher than a year ago.
The company said that it got a boost from international sales, despite the fall in domestic sales. The watchmaker is planning to unveil new products in future quarters to entice U.S. consumers to shop.
Posted by Blacks on May 30, 2008 09:35 AM
