Remains On Track to Achieve at Least $100 Million of Annualized Savings in 2024 Under TAG Plan Updates Full Year Outlook RICHARDSON, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal third quarter ended September 28, 2024. Third Quarter Summary Third quarter worldwide net sales decreased to $288 million, down 16% on both a reported and constant currency basis. The results included six points of negative impact related to the Company's ...

RICHARDSON, Texas, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) ("Fossil" or the "Company") today announced the appointment of Franco Fogliato as Chief Executive Officer and a member of the Board of Directors. He succeeds Jeffrey Boyer, Fossil's Interim CEO, who will resume his previous role as Chief Operating Officer and step down from the Board of Directors, all effective September 18, 2024. "The Board of Directors is thrilled to welcome Franco to the Fossil team," said Kevin Manse ...

Fossil Group, Inc. (FOSL) incurred a net loss per share of 73 cents for the second quarter of 2024, wider than the net loss of 51 cents in the same period last year. This widening loss was primarily driven by a decline in sales and substantial restructuring costs. Net sales for the quarter stood at $260 million, reflecting a 19.3% year-over-year decrease from $322 million in the second quarter of 2023. The sharp decline in revenues was due to reduced sales across key categories and geographies, exacerbated ...

Fossil Group, Inc. (NASDAQ:FOSL) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group Jeff Boyer - Interim Chief Executive Officer Andy Skobe - Interim Chief Financial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen and welcome to the Fossil Group Second Quarter 2024 Earnings Call. [Operator Instructions] This conference call is being recorded and may not be reproduced in whole or in part without written per ...

Exhibit 99.1 FOSSIL GROUP, INC. REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Continued Operational and Financial Progress under TAG Plan Maintains Full Year 2024 Outlook Richardson, TX, AUGUST 8, 2024 (GLOBE NEWSWIRE) - Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary • Second quarter worldwide net sales decreased to $260 million, down 19% on a reported basis and 18% in constant currency, which includes five points ...

Continued Operational and Financial Progress under TAG Plan Maintains Full Year 2024 Outlook RICHARDSON, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Second quarter worldwide net sales decreased to $260 million, down 19% on a reported basis and 18% in constant currency, which includes five points of negative impact related to the Company's strategic actions to exit the sm ...

RICHARDSON, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report second quarter 2024 financial results after market close on Thursday, August 8, 2024, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, ...

"On behalf of the Board and management team, I want to thank Sunil for his leadership and dedication over the past four years," said Jeffrey N. Boyer, Interim CEO. "We wish him well as he pursues the next chapter in his career." Fossil today said that it is affirming its 2024 outlook, including worldwide net sales of approximately $1.2 billion, adjusted operating margin1 in the range of -3% to -5% and positive free cash flow2, inclusive of tax refunds of approximately $57 million, which were received in the ...

Believe it or not, electric vehicles do outperform their fossil fuel counterparts in some ways. From the perspective of sheer performance, that most obviously manifests as dramatically faster acceleration times. EV stocks to buy also outperform their fossil fuel counterparts in several important ways. I'll explain that in more depth throughout the article but it essentially all boils down to pricing. The average cost of an electric vehicle was greater than $55,000 in April 2024. The average price for a new ...

Rivian (RIVN) Leader in the EV space, Rivian (NASDAQ: RIVN), is one of the largest American EV companies and has the potential to be one of the biggest EV companies in the world. Now, it's trading at a discount, making it an even more attractive buy. The focus is on expanding their products and working on the highly anticipated R2 model. Rivian is also building a $5 billion production facility in Georgia. Increasing productive capacities to be fierce rivals with other EV companies represents the company's g ...