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0 0.00931677018633553 0.00931677018633553 0.00854037267080747 0.0530538302277434 -0.0208764665286404 0.000690131124913849 0.00931677018633553
Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: fossilgroup.com/investors
Company Research 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 Show less Read more
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