Fossil Group (FOSL) Reports Q4 Loss of $0.30/sh, Plans Strategic Business Review

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Go back to Fossil Group (FOSL) Reports Q4 Loss of $0.30/sh, Plans Strategic Business Review

Fossil Group, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

March 13, 2024 4:06 PM EDT

Worldwide Net Revenue and Adjusted Operating Margin in Line with Guidance
Announces Strategic Review to Maximize Shareholder Value
Company Provides Full Year 2024 Outlook

RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 30, 2023. Separately, the Company also announced today that Kosta N. Kartsotis has stepped down as Chief Executive Officer and Jeffrey N. Boyer, Chief Operating Officer, has been appointed Interim CEO, effective immediately.

During 2023, we made solid progress... More