Fossil Group Inc (FOSL) Q3 2024 Earnings Call Highlights: Strategic Shifts Amidst Sales Decline [Yahoo! Finance]
Fossil Group, Inc. (FOSL)
Last fossil group, inc. earnings: 11/6 04:03 pm
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Source: Yahoo! Finance
Fossil Group Inc ( NASDAQ:FOSL ) has appointed Franco Fogliato as the new CEO, bringing extensive experience in leading global brands and successful turnarounds. The company is focusing on redefining and simplifying its core business to drive growth and profitability. Fossil Group Inc ( NASDAQ:FOSL ) reported a 240 basis point expansion in gross margin, attributed to strategic exits and pricing initiatives. The company is actively working on a new brand platform and global campaign to strengthen its connection with consumers. Fossil Group Inc ( NASDAQ:FOSL ) is making progress in asset monetization, including the sale of a building in France and plans for a sale-leaseback of a distribution center in Germany. Fossil Group Inc ( NASDAQ:FOSL ) reported a 16% decline in net sales for the third quarter, with significant pressure on the top line. The smartwatch exit and store closures contributed to a 600 basis point decline in sales. The company continues to face challenges
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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's Q3 Loss Narrows Y/Y, TAG Plan Drives Margin Growth [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