Fossil's Q3 Loss Narrows Y/Y, TAG Plan Drives Margin Growth [Yahoo! Finance]
Fossil Group, Inc. (FOSL)
Last fossil group, inc. earnings: 11/6 04:03 pm
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Source: Yahoo! Finance
Revenues totaled $287.8 million, reflecting a 16.4% decrease from $344.1 million a year ago. This was largely driven by weakness across categories and channels, and by strategic moves such as exiting the smartwatch segment and closing certain retail locations, which impacted revenue by six percentage points. Fossil's quarterly performance showed a mix of improvements in operational efficiencies alongside revenue declines. While sales decreased, gross margin increased primarily due to initiatives under the Transform and Grow (TAG) Plan. This plan also reduced selling, general and administrative expenses, which declined 16% compared to last year due to lower compensation and other cost-saving measures. The TAG plan targets $300 million in annualized operating income benefits by 2025, with around $125 million achieved in 2023 and at least $100 million expected in 2024. Fossil Group, Inc. price-consensus-eps-surprise-chart | Fossil Group, Inc. Quote Revenues in the Americas were
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FOSL
News
- FOSSIL ANNOUNCES GLOBAL SUPERSTAR NICK JONAS AS THE 2025 BRAND AMBASSADOR [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Fossil Group, Inc. (NASDAQ: FOSL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Fossil Group, Inc. (NASDAQ: FOSL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Fossil Group Third Quarter 2024 Earnings: US$0.60 loss per share (vs US$1.16 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Fossil Group Inc (FOSL) Q3 2024 Earnings Call Highlights: Strategic Shifts Amidst Sales Decline [Yahoo! Finance]Yahoo! Finance
FOSL
Sec Filings
- 11/21/24 - Form 3
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- FOSL's page on the SEC website