Fossil Group Inc. (FOSL, Financial) experienced a significant stock movement with a 5.62% increase in its share price, reaching $1.50 per share. The trading volume was 393,460 shares, with a turnover rate of 0.74% and a price fluctuation of 8.80%.
In its recent financial report, Fossil Group reported a revenue of $288 million with a net loss of $32.03 million, translating to an earnings per share (EPS) of -$0.60 and a gross profit of $142 million. The price-to-earnings (P/E) ratio stands at -0.64. Currently, no institutional ratings are available for buying, holding, or selling the stock.
Within the footwear and accessories industry, where Fossil Group operates, the sector saw an overall decline of 0.56%. Notably, Fossil Group, along with Designer Brands Inc. and Vera Bradley, Inc., recorded significant gains. Active stocks in this sector included American Rebel Holdings, Inc., Crocs, Inc., and Designer Brands Inc., with turnover rates of 1.86%, 1.37%, and 1.17%, respectively. Stocks with notable volatility included American Rebel Holdings Inc C/Wts 20/01/2027 (To Pur Com), Fossil Group, and Designer Brands Inc., with price fluctuations of 9.76%, 9.14%, and 4.88%.
Fossil Group is a consumer fashion accessories company specializing in the design, innovation, and distribution of products like traditional and smart watches, jewelry, handbags, small leather goods, belts, and sunglasses. The company's operations are divided into three main segments: the Americas, Europe, and Asia, covering sales across various regions and through multiple channels, including wholesale, retail, and e-commerce.
