Luxury watchmaker Movado up after higher Q4 sales; to lift prices amid tariff impact

Shares of luxury watchmaker Movado Group MOV.N jump 10.5% to $14.44 premarket

Co's Q4 FY25 net sales rise to $181.5 million from $175.8 million a year ago

Says it will raise some prices at wholesale and retail levels to mitigate impact of tariffs

Adds it is not providing FY26 forecasts at this time due to "current economic uncertainty and the unpredictable impact of recent tariff developments on the company’s business"

Q4 gross margin increases to 54.2% from 53.5% a year ago

Co says will reduce marketing spending in FY26 by $15 million to $20 million compared to FY25, to be more in-line with sales growth

Stock down 33% YTD, as of last close