Fossil Group

Fossil Group, Inc. engages in the design, marketing and distribution of consumer fashion accessories. The firm operates through the following geographical segments: Americas, Europe, and Asia. Its products include men's and women's fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing which are sold through department stores, specialty retail locations, specialty watch and jewelry stores, owned retail and factory outlet stores, mass market stores, owned, and affiliate internet sites. The company was founded by Tom Kartsotis in 1984 and is headquartered in Richardson, TX.

Earnings data Q1 2021

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Earnings data Q4 2024

Fossil Group navigates challenges, focuses on brand growth and profitability

Fossil Group faced headwinds in 2022 but made progress in brand growth and digital transformation. Strategic actions are being taken to drive transformation and generate benefits. While challenges persist, Fossil is optimistic about opportunities for brand revitalization and profitability improvement.

Fossil Group reports Q1 challenges, eyes Asia growth opportunities

Fossil Group's Q1 2023 performance reflected challenges in net sales decline and operating loss, but with positive inventory reductions and gross margin.
The company's strategic focus on brand revitalization, expansion in jewelry, and cost management is driving transformation efforts.
Opportunities lie in leveraging strong consumer spending in Asia, while addressing challenges in soft European demand and operational efficiency.

Fossil Group initiates transformation plan to counter sales decline

Fossil Group's Q2 2023 was marked by sales challenges, prompting a comprehensive transformation program to drive financial improvements. Despite operational losses, the company is strategically focusing on core strengths and growth opportunities while addressing key challenges in sales and margins.

Fossil Group tackles Q3 challenges, eyes growth through brand strategies

Fossil Group navigated challenges in Q3 with a focus on cost-saving initiatives and brand revitalization strategies.
Despite sales declines, the company saw positive performance in core markets and direct-to-consumer channels, hinting at future growth potential.
Revised guidance reflects early progress under the Transform and Grow Plan, with expectations to improve sales and operating income performance in 2024.

Fossil Group tackles challenges, eyes growth through strategic shifts

Fossil Group navigated challenges in Q4 2023 by rationalizing unprofitable segments and focusing on core revenue stabilization.
The company aims to capture $300 million in annualized benefits by 2025 through the TAG plan and strategic shifts.
Efforts to strengthen the balance sheet and execute growth strategies position Fossil Group for improved performance in 2024.

Fossil Group narrows losses and boosts margins despite revenue challenges

Fossil Group navigated challenging top-line trends in Q1 2024 but showed resilience through improved margins and cost reductions.
The Transform & Grow Plan drove positive gross margin expansion and operational efficiencies, narrowing the operating loss.
While facing revenue challenges in certain product categories, the company aims for full-year sales of $1.2 billion with adjusted operating margin loss.
Strategic focus on cost-saving initiatives and workforce reductions to enhance profitability and free cash flow.

Fossil Group reports Q3 sales decline, margin expansion under new CEO

Fossil Group faces challenges with declining sales but shows strength in margin expansion and cost reductions.
New CEO's strategic priorities aim to redefine the business and drive growth through disciplined actions.
Opportunities lie in sales reignition strategies and operational improvements to enhance profitability.
Overall, Fossil Group is navigating challenges while positioning for growth under new leadership.

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Fossil Group (FOSL) Q2 2020 Results - Earnings Call Transcript

Fossil (FOSL) earnings for the fashion company's second quarter of 2020 have FOSL stock taking off after-hours Wednesday.
The post Fossil Earnings: FOSL Stock Soars 6% Higher on Strong Q2 Performance appeared first on InvestorPlace.

Fossil Earnings: FOSL Stock Soars 6% Higher on Strong Q2 Performance

Shares of Fossil Group (NASDAQ:FOSL) moved higher by 7.11% in after-market trading after the company reported Q2 results.

Recap: Fossil Group Q2 Earnings

RICHARDSON, Texas, Aug.  12, 2020  (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the second quarter ended July 4, 2020.

Fossil Group, Inc. Reports Second Quarter 2020 Financial Results

FOSSIL GROUP, INC. ANNOUNCES DATE FOR SECOND QUARTER 2020   EARNINGS RELEASE AND CONFERENCE CALL  ________________________________________________________________________­­­­­

Fossil Group Announces Date for Second Quarter 2020 Earnings Release and Conference Call

The accessory maker amends its credit facility to secure more flexibility during the coronavirus outbreak.

Why Fossil Stock Skyrocketed Today

Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q1 2020 Results - Earnings Call Transcript

The accessory maker started the day off on the right foot, thanks to its earnings release the day before.

Why Fossil Group Stock Soared 14% This Morning

Fossil Group's (FOSL) first-quarter 2020 results reflect lower sales due to coronavirus-led store closures. Management expects the pandemic to largely hurt Q2 sales.

Fossil (FOSL) Q1 Loss Widens Y/Y, Sales Fall on Store Closures

Fossil (FOSL) earnings for the fashion company's fiscal first quarter of 2020 have FOSL stock on the move after markets closed on Wednesday.
The post Fossil Earnings: FOSL Stock Jumps 5% on Mixed Q1 Results appeared first on InvestorPlace.

Fossil Earnings: FOSL Stock Jumps 5% on Mixed Q1 Results

Fossil Group, Inc. Reports First Quarter 2020 Financial Results and Provides COVID-19 Update

Fossil Group (FOSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Fossil Group (FOSL) to Report a Decline in Earnings: What to Look Out for

Fossil Group (FOSL) reported earnings 30 days ago. What's next for the stock?

Fossil Group (FOSL) Down 10.5% Since Last Earnings Report: Can It Rebound?

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Fossil (FOSL) shuts all its stores across North America as well as majority of its shops in Europe due to coronavirus concerns. Also, management withdraws guidance.

Will Coronavirus Aggravate Fossil's Dismal Sales Trend?

Weakness in older-connected products and higher promotions hurt Fossil's (FOSL) Q4 results despite solid growth in Asia and gains from the NWF plan.

Fossil (FOSL) Stock Tumbles on Q4 Loss and Sales Decline

Fossil shares moved sharply lower after the company reported lower-than-expected fourth quarter financial results and full-year guidance.

Fossil Stock in Oversold Territory After Earnings Miss

Why Fossil Group Stock Plunged Today

Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q4 2019 Results - Earnings Call Transcript

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Weak traditional watch, leather and jewelry businesses are hurting Fossil's (FOSL) performance. However, expansion in wearables unit bodes well.

Fossil Dull on Weak Traditional Watch Sales: Can it Recover?

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Fossil (FOSL) hurts from sluggishness in watches, leather and jewelry businesses. Adverse impacts from currency fluctuations, tariffs and business exits are other headwinds.

Fossil (FOSL) Down More Than 50% YTD: Any Scope for Revival?

Investors need to pay close attention to Fossil Group (FOSL) stock based on the movements in the options market lately.

News for Fossil Group Stock (FOSL)