Fossil reports Q4 adjusted EPS (39c) vs. (30c) last year

Reports Q4 revenue $342M vs. $421.3M last year. “We are pleased to conclude the year with better than expected fourth quarter results, delivering $20M of adjusted operating profit as our initiatives to improve our business performance started to gain traction,” said CEo Franco Fogliato. “In my initial months in the CEO role, we took decisive actions to begin strengthening our operating model, while developing a comprehensive turnaround plan designed to drive long-term profitable growth. The organization is energized by the opportunity ahead. Importantly, we have a strong combination of seasoned Fossil (FOSL) Group team members and newly appointed leaders to advance our strategy and build lasting shareholder value.”