Fossil Group (FOSL) Reports Q2 Loss of $0.47, provides guidance

Fossil Group (NASDAQ: FOSL) reported Q2 EPS of ($0.47). Revenue for the quarter came in at $260 million, versus $0 reported last year.

GUIDANCE:

Fossil Group sees FY2024 revenue of $1.2 billion, as well as approximately $100 million of negative impact related to the exit of its smartwatch business, and the closure of owned retail stores. Fiscal year adjusted operating margin(1) is expected to be in the range of -3% to -5%. The Company expects to generate positive free cash flow(2) in full year 2024, inclusive of tax refunds of approximately $57 million, which were received in the second quarter of 2024.

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

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