Recap: Fossil Group Q2 Earnings

Shares of Fossil Group FOSL moved higher by 7.11% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 600.00% over the past year to ($0.28), which beat the estimate of ($1.71).

Revenue of $259,000,000 decreased by 48.34% year over year, which beat the estimate of $182,100,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Q3 revenue expected between $296,725,000 and $350,675,000.

How To Listen To The Conference Call

Date: Aug 12, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/tt2kuhnx

Recent Stock Performance

52-week high: $14.12

Company's 52-week low was at $2.69

Price action over last quarter: Up 12.61%

Company Profile

Fossil Group Inc designs and sells watches and other fashion accessories, including jewelry, handbags, and small leather goods. Watches make up the majority of company revenue. Roughly half of sales occur in the Americas, with the rest coming from Europe and Asia. Fossil primarily sells its products through third-party retailers but also has company-owned stores in the United States. Its products target a wide range of ages and income levels with both owned and licensed brands. Fossil sources almost all of its products internationally, and the company itself is involved in the manufacture of roughly half of its non-Swiss-made watches. The remaining products are produced by third-party manufacturers.