Fossil stock plunges 28% after surprise quarterly loss [MarketWatch]
Fossil Group, Inc. (FOSL)
Last fossil group, inc. earnings: 11/6 04:03 pm
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Source: MarketWatch
Fossil stock plunges 28% after surprise quarterly loss Shares of Fossil Group Inc. FOSL, -2.86% tanked 28% in the extended session Wednesday after the watchmaker swung to a surprise quarterly loss and said its sales fell 11%. Fossil said it lost $26 million, or 51 cents a share, in the third quarter, versus earnings of $5 million, or 10 cents a share, in the third quarter of 2018. Sales declined to $539.5 million from $609 million, mostly on "headwinds" for its wholesale sales in the Americas and Europe, offset by a sales increase in Asia, Fossil said. Analysts polled by FactSet had expected GAAP earnings of 21 cents a share on sales of $558 million. The company guided for a decline in sales between 13% and 11% for 2019, and income before income taxes in a range between $18 million and $34 million for the year. It did not provide EPS guidance. The stock had ended the regular trading day down 2.9%.
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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