Workflow
Fossil Group(FOSL) - 2024 Q1 - Quarterly Results
FOSLFossil Group(FOSL)2024-05-08 20:19
Transcript

Exhibit 99.1 • First quarter worldwide net sales decreased to 255million,down22255 million, down 22% on a reported basis and 21% in constant currency, reflecting five points of impact related to the Company's strategic actions to exit the smartwatch category and optimize its retail store portfolio. • Gross margins expanded 300 basis points to 52.4%, primarily reflecting progress under the Company's Transform and Grow ("TAG") Plan. • Selling, general and administrative ("SG&A") expenses of 152 million were down 20% versus ...