Fossil Group (FOSL) Misses Q4 EPS by 93c, Revenues Miss; Provides Q1 & FY20 Fiscal Outlook
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Fossil Group, Inc. Reports Fourth Quarter and Full Year 2019 Results; Provides 2020 Financial Guidance
February 26, 2020 7:01 AM ESTRICHARDSON, Texas, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 28, 2019.
Fourth Quarter Financial Overview
Worldwide net sales of $712 million decreased 10% on a reported basis and 9% in constant currency.Double-digit growth in Asia and global third party e-commerce marketplaces, partially offsetting declines in the Wholesale channel.Strong performance in the Companys latest generation display product, Gen 5, and new Hybrid HR watch, reflecting positive response to Fossil Groups... More