Movado Group, Inc. (NYSE:MOV) Q3 2023 Earnings Call Transcript

Efraim Grinberg: Sure. So, our inventory is in very good shape. And the €“ so we did get receipts in early throughout the year. And we expect it to drop in the fourth quarter, but it is a very clean inventory in terms of newness and quality of inventory. So, we have no concerns about that. What was the second part, pricing trends, so we did pass some price increases early in the year and that did help offset some of the currency headwinds that we were facing, especially in Europe. And I believe that now it will stay stable for a while, and I don’t anticipate any more of that. I think you will see a more promotional holiday season from retailers. But our own intention is not to be more promotional on our side.

Tom Nass: Great. Thank you very much.

Operator: There are no questions at this time. I would like to turn the conference back over to Efraim for closing comments.

Efraim Grinberg: Okay. Well, thank you very much everybody and I wish everybody a great Thanksgiving holiday, and we look forward to talking with you again after our year-end. Thank you again.

Operator: Thank you. This does conclude today’s conference. You may disconnect your lines at this time and thank you for your participation.