Fossil Group, Inc. Reports Fourth Quarter and Full Year 2019 Results; Provides 2020 Financial Guidance
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
Company Research
Source: GlobeNewswire
RICHARDSON, Texas, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 28, 2019. Fourth Quarter Financial Overview Worldwide net sales of $712 million decreased 10% on a reported basis and 9% in constant currency.Double-digit growth in Asia and global third party e-commerce marketplaces, partially offsetting declines in the Wholesale channel.Strong performance in the Company’s latest generation display product, Gen 5, and new Hybrid HR watch, reflecting positive response to Fossil Group’s high performance technology and design innovation.Continued progress under the Company’s New World Fossil 2.0 - Transform to Grow Program ("NWF 2.0"), designed to achieve gross margin benefits and operating expense reductions totaling $200 million between 2019 and 2021.Gross margin of 43.3% compared to 53.0% a year ago, primarily reflecting a one-time, non-cash charge of $38 million related to
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News
- Kanen Wealth Management Excoriates Fossil Board of Directors and Management for Unacceptably Slow Restructuring Plan [Yahoo! Finance]Yahoo! Finance
- Kanen Wealth Management Excoriates Fossil Board of Directors and Management for Unacceptably Slow Restructuring PlanGlobeNewswire
- Fossil Group Announces Appointment of Eugene Davis and Pamela Corrie to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Fossil Group Announces Appointment of Eugene Davis and Pamela Corrie to Board of DirectorsGlobeNewswire
- Fossil Group, Inc. (NASDAQ:FOSL) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
FOSL
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- FOSL's page on the SEC website