Welcome to our dedicated page for Fossil Group news (Ticker: FOSL), a resource for investors and traders seeking the latest updates and insights on Fossil Group stock.
Fossil Group, Inc. (FOSL) delivers innovative lifestyle accessories through its global design and distribution network. This page aggregates official company announcements and verified financial updates for investors tracking this fashion-forward enterprise.
Access timely reports on quarterly earnings, product innovations, and strategic partnerships. Our curated feed eliminates search fragmentation by centralizing press releases about watch collections, licensed brand expansions, and operational milestones.
Key updates include material financial disclosures, leadership changes, retail network developments, and technology integrations. Bookmark this page for efficient tracking of Fossil Group's market position and design initiatives across traditional watches, smartwear, and leather goods.
Fossil Group, Inc. (NASDAQ: FOSL) is set to announce its financial results for Q1 2023 on May 10, 2023, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. Investors can access the live call on the company's investor relations website, with an option for replay available later. Additionally, Fossil's management will participate in the Wolfe Research Virtual Global Consumer Conference on May 11, 2023.
Fossil Group specializes in design, marketing, and distribution within the lifestyle accessories sector. Their product range includes watches, smartwatches, jewelry, handbags, and more. The company operates a diverse portfolio of both owned and licensed brands, including Fossil, Michele, and Michael Kors, supported by a robust distribution network worldwide.
Fossil Group, Inc. (FOSL) reported a challenging fiscal year 2022 with worldwide net sales of $1.68 billion, down 10% year-over-year. In Q4 2022, net sales fell to $499 million, a 17% decline due to weak wholesale performance, despite a 5% increase in direct-to-consumer sales. Operating loss for the year was $1 million compared to a profit of $93 million in 2021. The diluted loss per share was $0.85, contrasting with earnings of $0.48 the previous year. The company launched a Transform and Grow Plan aimed at reducing operating expenses to generate $100 million in savings by 2024. Guidance for 2023 indicates a sales decline of approximately 5% to potential growth of 1%.
FAQ
What is the current stock price of Fossil Group (FOSL)?
What is the market cap of Fossil Group (FOSL)?
