24/7 Market News Snapshot 12 March, 2025 – Fossil Group, Inc. (NASDAQ:FOSL)

March 12, 2025

DENVER, Colo., 12 March, 2025 (247marketnews.com) – (NASDAQ:FOSL) are discussed in this article.
Fossil Group, Inc. is navigating a significant shift as it publicly rolls out its strategic turnaround plan, which is designed to reset its operational framework and bolster long-term financial stability. The initiative follows the company’s fourth-quarter and fiscal year financial results, highlighting worldwide net sales of $342 million, which represent a 19% decline from the previous year. Despite these setbacks, Fossil showed resilience through a noteworthy enhancement in gross margins, which expanded by 630 basis points to 53.9%, largely attributed to effective cost-reduction strategies implemented via the “Transform and Grow” (TAG) initiative that cut selling, general, and administrative expenses by 17%.

Current market activity reveals a positive trend for Fossil’s stock, which opened today at $1.29 and has risen to $1.385, marking an 8.20% increase, supported by a trading volume of 591.19K. This bullish momentum suggests heightened investor interest and potential for continued upward trajectory, especially if the stock maintains levels above its opening price. Monitoring for sustained trading volume and relevant technical indicators will be essential for investors to gauge market sentiment accurately.

CEO Franco Fogliato articulated a forward-looking vision, emphasizing focused strategies aimed at revitalizing core brands, refining cost structures, and enhancing balance sheet strength. This includes an ambitious plan to cut SG&A expenses by $100 million and a decision to exit the smartwatch segment altogether.

Additionally, Fossil Group has announced the onboarding of Randy Greben as Chief Financial Officer, effective March 17, 2025. His leadership will be crucial in navigating the company through this transformative phase. Fossil’s long-term goals set a target of surpassing $800 million in worldwide net sales by 2027, with an anticipated adjusted operating income margin in the mid-single digits. Through this renewed focus on efficiency and innovation, Fossil aims to create lasting value for its shareholders while meeting the dynamic needs of its global consumer market.

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