Movado Net Profit Increased 55% In The Second Quarter.

　　 U.S.A Watches and manufacturers, agents Movado Group Inc. (NYSE: MOV) today released the two quarter earnings report, as of the two quarter of July 31, 2013, Movado Group Inc. (NYSE: MOV) net sales increased 17.2% to $118 million, operating profit increased 59% to 17 million 40 thousand U. S. dollars, net profit increased 55.6% to 12 million 654 thousand U. S. dollars. Movado Group Inc. (NYSE: MOV) shares price rose 8%, and continued to rise, as of no fashion Chinese net time until $41.04.

Movado Group Inc. (NYSE: MOV) chairman of the board of directors and chief executive officer Efraim Grinberg said in the earnings report that the surge in sales and operating profits in the two quarter continued to be strong in the current financial year. Movado The innovation of brand name and company's brand. However, the innovation described by Efraim Grinberg was ridiculed earlier. In the middle of this month, Audemars Piguet Holding SA Audemars Pigeut sued Tommy Hilfiger and its agent Movado Group Inc. (Movado). Moto was plagiarized by the Audemars Pigeut series of Royal Oak series design.

　　 Efraim Grinberg At the same time, the new Scuderia Ferrari watch brand agent business and the repositioning of Coach nutmeg have also contributed much to the growth of the two quarter, in addition to the timing of the Baselworld Basel watch and Jewelry Fair for the two quarter results.

As of the two quarter of fiscal 2014, July 31, 2013, Movado Group Inc. (NYSE: MOV) net sales increased 17.2% to 138 million 300 thousand US dollars, compared with 118 million US dollars in the same period last year, and gross profit increased 13.8% to 74 million 818 thousand US dollars, compared with 65 million 758 thousand US dollars in the same period last year. The gross profit margin decreased by 160 basis points to 54.1% last year. The decrease in gross profit margin was mainly due to changes in channel and product mix, partially offset the leverage income and favorable exchange rate; operating profit increased to US dollars in the same period last year, and net profit increased to US dollars or earnings per share in US dollars, compared to US dollars or earnings per share in the same period last year; EBITDA amortization, depreciation and pre tax profit increased to US dollars, compared with us $2014 in the same period last year.

As of the first half of fiscal year 2014, July 31, 2013, Movado Group Inc. (NYSE: MOV) net sales increased by 12% to 248 million 300 thousand US dollars, compared with 221 million 700 thousand US dollars in the same period last year. Gross profit increased by 7.9% to 134 million 700 thousand US dollars, compared with 124 million 800 thousand US dollars last year, and operating profit increased 40.6% to 27 million US dollars, which was 19 million 200 thousand US dollars in the same period last year. Net profit 40.8% to us dollar or earnings per share was US dollars. Last year it was US dollars or earnings per share of US dollars; EBITDA amortization, depreciation and pre tax profit increased from US dollars in the same period last year to US dollars.

Movado Group Inc. (NYSE: MOV) president and chief operating officer Rick Cot e said that the group's operating profit margin increased by 320 basis points to 12.3%. In view of the strong growth in the first half of the fiscal year, the whole year was expected to rise from the previous earnings of 1.80 US dollars to earnings per share of 1.90 US dollars, while the net sales increased from 12% to 13%, or the sales estimate was raised from 570 million US $-5.75 billion to 575 million US dollars to 580 million US dollars.

Movado Group Inc. (NYSE: MOV) at the same time indicated that the interest rate rose to $0.08 in the second quarter, an increase of 60%.