Fossil Group Now Sees Worldwide Net Sales Down 5-10% vs Prior Guidance Of Down 5% To Up 1%
Portfolio Pulse from Benzinga Newsdesk
Fossil Group has revised its worldwide net sales forecast, now expecting a decrease of 5-10% compared to the previous guidance of a decrease of 5% to an increase of 1%.
August 09, 2023 | 8:17 pm
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Fossil Group's revised sales forecast indicates a more negative outlook than previously expected, which could negatively impact the company's stock price in the short term.
Fossil Group's revised sales forecast is more negative than previously expected. This indicates potential challenges in the company's operations or market conditions, which could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
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