Fossil Group (FOSL) Reports Q4 Loss of $0.30/sh, Plans Strategic Business Review

Fossil Group (NASDAQ: FOSL) reported Q4 EPS of ($0.30), versus ($0.14) reported last year. Revenue for the quarter came in at $421.3 million, versus $499.1 million reported last year.

Strategic Business Review

The Company today announced a strategic review of its current business model and capital structure. This includes efforts to optimize its business model through additional changes to its operations, as well as further structural cost reductions, which are under consideration. The Company anticipates this effort will expand on its current TAG Plan and could include additional debt and equity financing options, including monetization of various assets to strengthen its balance sheet. The Company has retained Evercore to act as its financial advisor.

For earnings history and earnings-related data on Fossil Group (FOSL) click here.

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