Fossil Group (FOSL) Reports Q1 Loss of $0.37, Offers Outlook

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Fossil Group, Inc. Reports First Quarter 2022 Financial Results

May 11, 2022 4:15 PM EDT

RICHARDSON, Texas, May 11, 2022 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended April 2, 2022.

First Quarter Highlights

First quarter worldwide net sales increased to $376 million, up 4% on a reported basis and 6% in constant currency, led by constant currency sales growth of 20% and 6% in the Europe and Americas regions, respectively. Net sales for traditional watches grew 10% in constant currency, with 22% and 20% growth in the Americas and Europe... More