Profile
Sector:
Consumer CyclicalIndustry:
Footwear & AccessoriesCountry:
United StatesIPO:
08 April 1993Website:
http://www.fossilgroup.comNext earnings report:
13 March 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | Tue, 19 Nov 2024 14:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
FOSL Latest News
Fossil Group, Inc. (NASDAQ:FOSL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group Franco Fogliato - Director & CEO Andrew Skobe - Interim CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group Third Quarter 2024 Earnings Call. At this time, all parties are in listen-only mode.
FOSL's Q3 2024 shows narrower year-over-year losses and improved margins, driven by cost-cutting and strategic shifts under its TAG Plan, despite a 16.4% revenue decline due to weaker demand.
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.
A global transition to displace fossil fuels will help accelerate growth for clean energy technology. This will push the demand higher for energy transition materials.
RICHARDSON, Texas, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (“Fossil” or the “Company”) today announced the appointment of Franco Fogliato as Chief Executive Officer and a member of the Board of Directors. He succeeds Jeffrey Boyer, Fossil's Interim CEO, who will resume his previous role as Chief Operating Officer and step down from the Board of Directors, all effective September 18, 2024.
William Blair analyst Jed Dorsheimer launched coverage of GE Vernova stock with a Buy rating. Now 74% of analysts covering the electricity-production technology firm are bullish.
Fossil's (FOSL) Q2 results show a wider net loss due to a 19% sales drop, despite improvements in gross margin and cost reductions driven by strategic shifts under the TAG Plan.
Believe it or not, electric vehicles do outperform their fossil fuel counterparts in some ways. From the perspective of sheer performance, that most obviously manifests as dramatically faster acceleration times.
EVs are the future of transportation. As the world becomes greener due to shifting consumer preferences or government legislation, EVs will become more popular and important in the car industry.
Baker Hughes CEO Lorenzo Simonelli discusses growth in demand for both fossil fuels and clean energy and plans for expanding technology to increase energy production. -------- More on Bloomberg Television and Markets Like this video?
What type of business is Fossil?
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses. It also manufactures and distributes private label brands, as well as branded products purchased for resell in other branded retail stores. The company offers its products under its proprietary brands, such as FOSSIL, SKAGEN, MICHELE, RELIC, and ZODIAC; and under the licensed brands, including ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, TORY BURCH, and Skechers. The company sells its products through company-owned retail and outlet stores, department and specialty retail stores, mass market stores, e-commerce sites, licensed and franchised FOSSIL retail stores, and retail concessions, as well as sells its products on airlines. The company was formerly known as Fossil, Inc. and changed its name to Fossil Group, Inc. in May 2013. Fossil Group, Inc. was founded in 1984 and is headquartered in Richardson, Texas.
What sector is Fossil in?
Fossil is in the Consumer Cyclical sector
What industry is Fossil in?
Fossil is in the Footwear & Accessories industry
What country is Fossil from?
Fossil is headquartered in United States
When did Fossil go public?
Fossil initial public offering (IPO) was on 08 April 1993
What is Fossil website?
https://www.fossilgroup.com
Is Fossil in the S&P 500?
No, Fossil is not included in the S&P 500 index
Is Fossil in the NASDAQ 100?
No, Fossil is not included in the NASDAQ 100 index
Is Fossil in the Dow Jones?
No, Fossil is not included in the Dow Jones index
When was Fossil the previous earnings report?
No data
When does Fossil earnings report?
The next expected earnings date for Fossil is 13 March 2025