Fossil Group, Inc. Reports First Quarter 2024 Financial Results
Fossil Group, Inc. (FOSL)
Last fossil group, inc. earnings: 11/6 04:03 pm
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US:NASDAQ Investor Relations:
fossilgroup.com/investors
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Source: GlobeNewswire
Maintains Full Year 2024 Outlook RICHARDSON, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended March 30, 2024. First Quarter Summary First quarter worldwide net sales decreased to $255 million, down 22% on a reported basis and 21% in constant currency, reflecting five points of impact related to the Company’s strategic actions to exit the smartwatch category and optimize its retail store portfolio.Gross margins expanded 300 basis points to 52.4%, primarily reflecting progress under the Company’s Transform and Grow ("TAG") Plan.Selling, general and administrative (“SG&A”) expenses of $152 million were down 20% versus last year mainly due to lower compensation costs as a result of efficiencies resulting from the Company’s TAG Plan.First quarter operating loss of $29 million compared to $37 million a year ago. Adjusted operating loss of $19 million compared to adjusted operating loss of $25 million
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FOSL
News
- Fossil Group, Inc. (NASDAQ:FOSL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Fossil Group First Quarter 2024 Earnings: US$0.46 loss per share (vs US$0.80 loss in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- ASSEMBLY, A STAGWELL (STGW) AGENCY, NAMED GLOBAL INTEGRATED MEDIA AGENCY FOR FOSSIL GROUP, INC. [Yahoo! Finance]Yahoo! Finance
- Fossil Group, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Fossil Group (FOSL) Fell Due to Near-Term Revenue Headwinds [Yahoo! Finance]Yahoo! Finance
FOSL
Sec Filings
- 5/10/24 - Form DEFA14A
- 5/10/24 - Form DEF
- 5/9/24 - Form 10-Q
- FOSL's page on the SEC website