Fossil group inc reports q2 loss per share of $0.44

Fossil group, inc. reports second quarter 2020 financial results.q2 loss per share $0.44.q2 sales $259 million.sees q3 sales down 35 to 45 percent.says in light of macro uncertainties and fluid covid-19 impacts, co not providing full year financial guidance.says cash and cash equivalents of $278 million, and total debt of $269 million as of july 4, 2020.says q2 results impacted by broad-based global store closures due to covid-19 throughout much of quarter.maintaining focus on strategic priorities outlined at beginning of 2020.says expects to close q3 with approximately $250 million to $300 million of cash and cash equivalents.partly offsetting brick-and-mortar sales declines was growth in digital channels during quarter.sales from owned e-commerce websites up 138% and dedicated 3rd party marketplaces grew 20% on a constant currency basis during quarter.
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