Fossil shares rally 9% as retailer reports narrower quarterly loss [MarketWatch]
Fossil Group, Inc. (FOSL)
Last fossil group, inc. earnings: 11/6 04:03 pm
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Source: MarketWatch
Fossil shares rally 9% as retailer reports narrower quarterly loss Shares of Fossil Group Inc. FOSL, -8.20% rose 9% late Tuesday after the retailer posted a narrower-than-expected second-quarter loss and beat revenue forecasts. Fossil said it lost $7.8 million, or 16 cents a share, in the quarter, compared with a loss of $344.7 million, or $7.11 a share, in the year-ago period. Sales fell to $577 million, compared with $597 million a year ago. Analysts polled by FactSet had expected Fossil to report a GAAP loss of 87 cents a share on sales of $562 million. "The transformation of our business continues to yield positive results for Fossil Group, as we reported strong momentum in connected watches, expansion in gross margin and a reduction in expense," Chief Executive Kosta Kartsotis said in a statement. Fossil had ended the regular trading day down 8%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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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, Inc. Reports First Quarter 2024 Financial ResultsGlobeNewswire
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