Fossil's Q3 Loss Narrows Y/Y, TAG Plan Drives Margin Growth
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Fossil Group's Q3 2024 results show a narrower year-over-year loss and improved margins, attributed to cost-cutting and strategic shifts under its TAG Plan. However, the company experienced a 16.4% revenue decline due to weaker demand.
November 08, 2024 | 8:00 pm
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Fossil Group's Q3 2024 results show improved margins and narrower losses due to cost-cutting and strategic shifts under the TAG Plan, despite a significant revenue decline.
Fossil's Q3 results indicate a positive impact from the TAG Plan, which has helped improve margins and reduce losses. However, the significant revenue decline due to weaker demand offsets these gains, leading to a neutral short-term impact on the stock price.
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