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Fly News Breaks for November 7, 2019
Nov 7, 2019 | 05:52 EDT
KeyBanc analyst Edward Yruma downgraded Fossil to Sector Weight from Overweight.
News For FOSL From the Last 2 Days
Aug 12, 2020 | 19:02 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to See Story Here
Aug 12, 2020 | 18:56 EDT
Reports Q2 revenue $259.0M vs. $501.4M last year. Reports Q2 gross margin 54.3%, up 140bps from last year. The company states: "The year-over-year (revenue decline primarily reflects COVID-19 related impacts on a global basis, including retail and wholesale closures, throughout much of the quarter." CEO Kosta Karsotis says: "Our second quarter results were impacted by broad-based global store closures due to COVID-19 throughout much of the quarter. Our teams have responded quickly and executed well in the face of significant COVID-19 impacts. In navigating this challenging environment, we have taken aggressive actions to increase liquidity and reduce costs, and further engaged with our consumers through digital initiatives and product innovation. Importantly, we are maintaining our focus on the strategic priorities we outlined at the beginning of 2020, including the acceleration of our cost reduction actions through NWF 2.0 and the expansion of our digital capabilities to help drive continued growth in the e-commerce channel."