Fossil group, inc. reports first quarter 2024 financial results

Maintains full year 2024 outlook richardson, texas, may 08, 2024 (globe newswire) -- fossil group, inc. (nasdaq: fosl) today announced financial results for the first quarter ended march 30, 2024. first quarter summary first quarter worldwide net sales decreased to $255 million, down 22% on a reported basis and 21% in constant currency, reflecting five points of impact related to the company's strategic actions to exit the smartwatch category and optimize its retail store portfolio.
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