Fossil Group: Recent Surge Calls Attention To Interesting Turnaround Situation
On Dec. 2, Fossil Group shares surged 61%, upon news of insider buying by the watch and fashion accessory company's newly appointed CEO. Recent results on the surface appear mixed at best, but last month's earnings release and conference call did reveal a few green shoots with regards to a further turnaround. If Fossil Group's new management team is successful in stabilizing sales and further cost reduction efforts, this could ultimately drive another fourfold surge higher for shares.
Fossil Group, Inc. (FOSL) Q3 2024 Earnings Call Transcript
Fossil Group, Inc. (NASDAQ:FOSL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group Franco Fogliato - Director & CEO Andrew Skobe - Interim CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group Third Quarter 2024 Earnings Call. At this time, all parties are in listen-only mode.
Fossil's Q3 Loss Narrows Y/Y, TAG Plan Drives Margin Growth
FOSL's Q3 2024 shows narrower year-over-year losses and improved margins, driven by cost-cutting and strategic shifts under its TAG Plan, despite a 16.4% revenue decline due to weaker demand.
Fossil Group, Inc. Reports Third Quarter 2024 Financial Results
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 Displacement of Fossil Fuels Could Elevate This ETF
A global transition to displace fossil fuels will help accelerate growth for clean energy technology. This will push the demand higher for energy transition materials.
Fossil Group, Inc. Appoints Brand Veteran Franco Fogliato as CEO
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.
Buy GE Vernova Stock Because of a Fossil Fuel, Says Analyst
William Blair analyst Jed Dorsheimer launched coverage of GE Vernova stock with a Buy rating. Now 74% of analysts covering the electricity-production technology firm are bullish.
Fossil's (FOSL) Q2 Loss Widens Y/Y on Sales Decline, Margin Up
Fossil's (FOSL) Q2 results show a wider net loss due to a 19% sales drop, despite improvements in gross margin and cost reductions driven by strategic shifts under the TAG Plan.
Fossil Group, Inc. (FOSL) Q2 2024 Earnings Call Transcript
Fossil Group, Inc. (NASDAQ:FOSL ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group Jeff Boyer - Interim Chief Executive Officer Andy Skobe - Interim Chief Financial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen and welcome to the Fossil Group Second Quarter 2024 Earnings Call. [Operator Instructions] This conference call is being recorded and may not be reproduced in whole or in part without written permission from the company.
Fossil Group, Inc. Reports Second Quarter 2024 Financial Results
Continued Operational and Financial Progress under TAG Plan Maintains Full Year 2024 Outlook RICHARDSON, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Second quarter worldwide net sales decreased to $260 million, down 19% on a reported basis and 18% in constant currency, which includes five points of negative impact related to the Company's strategic actions to exit the smartwatch category and optimize its retail store portfolio.
Fossil Group, Inc. Announces Date for Second Quarter 2024 Earnings Release and Conference Call
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.
Camber Energy Announces Carbon Capture System Achieves 100% Removal From Fossil Fuel Power Plant Emissions
Separating water first from the exhaust stream now makes zero-carbon power generation possible HOUSTON, TX / ACCESSWIRE / July 15, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that ESG's carbon capture system has achieved capturing 100% of the CO2 from a combustion exhaust stream, making it possible for any internal combustion engine - big or small - to have no carbon dioxide emissions. ESG's patented system consists of a two-step process: first removing the water from the exhaust and then capturing the CO2.
