earnings
confidence high
sentiment negative
materiality 0.70
Fossil Group Q1 net sales $376M (+6% constant currency), operating loss narrows to $14M
Fossil Group, Inc.
2022-Q1 EPS reported
-$0.41
revenue$375,853,000
- Net sales of $376M, up 4% reported (6% constant currency), with Europe +20% and Americas +6%.
- Operating loss of $14M vs $17M a year ago; adjusted operating loss $11M vs $5M.
- Traditional watch sales grew 10% constant currency; Americas +22%, Europe +20%.
- Repurchased 989,000 shares for $10M at average price $10.11 per share.