Fossil Group, Inc. Reports Third Quarter 2024 Financial Results
Fossil Group, Inc. (FOSL)
Last fossil group, inc. earnings: 11/6 04:03 pm
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US:NASDAQ Investor Relations:
fossilgroup.com/investors
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Source: GlobeNewswire
Remains On Track to Achieve at Least $100 Million of Annualized Savings in 2024 Under TAG Plan Updates Full Year Outlook RICHARDSON, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal third quarter ended September 28, 2024. Third Quarter Summary Third quarter worldwide net sales decreased to $288 million, down 16% on both a reported and constant currency basis. The results included six points of negative impact related to the Company’s strategic actions to exit the smartwatch category and optimize its retail store portfolio. Gross margins expanded 240 basis points to 49.4%, primarily reflecting progress under the Company’s Transform and Grow ("TAG") Plan.Selling, general and administrative (“SG&A”) expenses of $161 million were down 16% versus last year, primarily due to lower compensation costs as a result of efficiencies from the Company’s TAG Plan.Third quarter operating loss of $24 million
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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