Fossil Sees FY23 Worldwide Net Sales Declining 14-17% vs Prior Outlook Of Down 5-10%
Portfolio Pulse from Benzinga Newsdesk
Fossil has revised its FY23 worldwide net sales outlook, now expecting a decline of 14-17% compared to the previous forecast of a 5-10% decrease.
November 08, 2023 | 9:26 pm
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Fossil's revised FY23 net sales outlook indicates a larger than expected decline, which could negatively impact the company's stock price in the short term.
Fossil's revised outlook for FY23 indicates a larger than previously expected decline in worldwide net sales. This could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100