Fossil Group (FOSL) Reports Q2 Loss of $0.44/sh

Fossil Group (NASDAQ: FOSL) reported Q2 EPS of ($0.44), versus ($0.15) reported last year. Revenue for the quarter came in at $259 million, versus $501 million reported last year.

• Per share data included restructuring charges of $0.16 per diluted share in the second quarter of 2020 and $0.11 per diluted share in the second quarter of 2019. During the second quarter of fiscal 2020, currencies, including both the translation impact on operating earnings and the impact of foreign currency hedging contracts, favorably affected loss per diluted share by approximately $0.05.

2020 Outlook

In light of macro uncertainties and fluid COVID-19 impacts, the Company is not providing full year financial guidance at this time. The Company currently anticipates that third quarter worldwide net sales will decline in the range of 35% to 45%, reflecting continued contraction in retail and wholesale, partly offset by ongoing strength in e-commerce channels.

For earnings history and earnings-related data on Fossil Group (FOSL) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Goldman reinstates Estee Lauder rating, sees turnaround driving growth and margins
• Accenture downgraded by TD Cowen on AI concerns