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Remains On Track to Achieve at Least $100 Million of Annualized Savings in 2024 Under TAG Plan Updates Full Year Outlook RICHARDSON, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) today announced financial results for the fiscal third quarter ended September 28, 2024. Third Quarter Summary Third quarter worldwide net sales decreased to $288 million, down 16% on both a reported and constant currency basis. The results included six points of negative impact related to the Company's strategic actions to exit the smartwatch category and optimize its retail store portfolio. Gross margins expanded 240 basis points to 49.4%, primarily reflecting progres
RICHARDSON, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) announced today that it will report third quarter 2024 financial results after market close on Thursday, November 7, 2024, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, sma
RICHARDSON, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) (the "Company") today announced that it is granting an equity award as a material inducement to the employment of the Company's newly-hired Chief Executive Officer, Franco Fogliato. In connection with the appointment of Mr. Fogliato as Chief Executive Officer effective September 18, 2024, the Company is granting Fogliato an employment inducement award consisting of 1,500,000 time-based restricted stock units ("RSUs") with an effective grant date of October 15, 2024 (the "Grant Date"). The RSUs will vest 50% on the first anniversary of the Grant Date and 50% on the second anniversary of the Grant Date, s
3 - Fossil Group, Inc. (0000883569) (Issuer)
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3 - Fossil Group, Inc. (0000883569) (Issuer)
SC 13G/A - Fossil Group, Inc. (0000883569) (Subject)
SC 13G/A - Fossil Group, Inc. (0000883569) (Subject)
SC 13G/A - Fossil Group, Inc. (0000883569) (Subject)
RICHARDSON, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) (the "Company") today announced that it is granting an equity award as a material inducement to the employment of the Company's newly-hired Chief Executive Officer, Franco Fogliato. In connection with the appointment of Mr. Fogliato as Chief Executive Officer effective September 18, 2024, the Company is granting Fogliato an employment inducement award consisting of 1,500,000 time-based restricted stock units ("RSUs") with an effective grant date of October 15, 2024 (the "Grant Date"). The RSUs will vest 50% on the first anniversary of the Grant Date and 50% on the second anniversary of the Grant Date, s
RICHARDSON, Texas, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) ("Fossil" or the "Company") today announced the appointment of Franco Fogliato as Chief Executive Officer and a member of the Board of Directors. He succeeds Jeffrey Boyer, Fossil's Interim CEO, who will resume his previous role as Chief Operating Officer and step down from the Board of Directors, all effective September 18, 2024. "The Board of Directors is thrilled to welcome Franco to the Fossil team," said Kevin Mansell, Chairman of the Board. "Franco brings over 25 years of consumer industry expertise, along with focus, leadership acumen, and disruptive vision, to this role. We are extremely confide
Caesars Entertainment, Inc. (NASDAQ:CZR) today announced the appointment of Kim Harris Jones to its Board of Directors, effective April 29, 2024, subject to required regulatory approvals and pending licensure. With a track record of strategic corporate leadership as both an executive and a board member, Harris Jones will bring a unique perspective and in-depth experience to the Caesars Entertainment Board of Directors. "Kim Harris Jones is a tremendous addition to the Caesars Entertainment leadership team," said Gary Carano, Executive Chairman of the Board, Caesars Entertainment. "With her extensive experience in finance and a reputation as a thoughtful and engaged leader inside some of t
Fossil Group, Inc. (NASDAQ:FOSL) announced today it has engaged Ankura Consulting Group, LLC to provide interim-CFO services and has appointed Andrew Skobe as the Company's Interim Chief Financial Officer, effective immediately. Skobe assumes the CFO role from Sunil Doshi, who is leaving the Company for another opportunity. Doshi will remain with the Company through July 19, 2024 to ensure a smooth transition. The Company has initiated a search for a permanent CFO successor to Mr. Doshi.
Gainers Zapp Electric Vehicles (NASDAQ:ZAPP) shares rose 183.9% to $2.03 during Thursday's regular session. The market value of their outstanding shares is at $6.3 million. E-Home Household Service (NASDAQ:EJH) stock moved upwards by 20.08% to $0.72. The market value of their outstanding shares is at $12.8 million. Motorcar Parts of America (NASDAQ:MPAA) shares moved upwards by 17.62% to $5.9. The market value of their outstanding shares is at $116.1 million. As per the news, the Q4 earnings report came out 2 days ago. NWTN (NASDAQ:NWTN) stock moved upwards by 17.33% to $1.76. The company's market cap stands at $503.6 million. United Homes Gr (NASDAQ:UHG) shares moved upwards by 13.14%
RICHARDSON, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) announced today that it will report third quarter 2024 financial results after market close on Thursday, November 7, 2024, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, sma
RICHARDSON, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) announced today that it will report second quarter 2024 financial results after market close on Thursday, August 8, 2024, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, smal
RICHARDSON, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ:FOSL) announced today that it will report first quarter 2024 financial results after market close on Wednesday, May 8, 2024, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small
10-Q - Fossil Group, Inc. (0000883569) (Filer)
8-K - Fossil Group, Inc. (0000883569) (Filer)
8-K - Fossil Group, Inc. (0000883569) (Filer)