2023-05-10 16:20:51 ET
- Fossil press release ( NASDAQ: FOSL ): Q1 Non-GAAP EPS of -$0.61.
- Revenue of $325M (-13.6% Y/Y).
- Direct to consumer net sales up 8% in constant currency, with comparable retail sales growth of 13% and growth in all three regions. Net sales in our wholesale channels were down 20%.
- For the full year 2023, the Company expects worldwide net sales to decline approximately 5% to net sales growth of 1%. The Company also expects full year adjusted operating income (1) margin in the range of approximately 0% to 3%.
For further details see:
Fossil Non-GAAP EPS of -$0.61, revenue of $325M