Fossil Group Q1 Adj $(0.30) Up From $(0.61) YoY, Sales $254.90M Down From $325.00M YoY
Portfolio Pulse from Benzinga Newsdesk
Fossil Group (NASDAQ:FOSL) reported a Q1 adjusted loss of $(0.30) per share, improving from $(0.61) YoY. However, sales fell to $254.90M from $325.00M YoY, marking a 21.57% decrease.
May 08, 2024 | 10:36 pm
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Fossil Group reported a narrower Q1 loss of $(0.30) per share from $(0.61) YoY, but sales decreased to $254.90M from $325.00M YoY.
The improvement in losses per share could be seen positively by investors, indicating potential operational efficiency or cost management. However, the significant drop in sales highlights challenges in revenue generation, which could offset the positive impact of reduced losses. The mixed results present a neutral short-term outlook for FOSL's stock price, as investors weigh the improved losses against the decrease in sales.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100