Fossil Gets Buried As Business Conditions Remain Tough
Fossil Group (NASDAQ: FOSL) has suffered through one of the worst periods of its history recently. The fashion-conscious watchmaker benefited greatly from past periods of popularity for watches and other accessories, but lately, advances in the field have threatened to leave Fossil behind. After poor holiday results, Fossil had to convince investors that future product launches would be able to reverse its poor performance in time.
Coming into Tuesday's second-quarter financial report, Fossil investors were ready to be somewhat patient with the watchmaker. However, Fossil did even worse than many had expected, and even though the company remains optimistic about its long-term future, many shareholders seem to have lost confidence in the business going forward. Let's look more closely at Fossil Group and how its latest results shed light on what's coming down the road.
Image source: Fossil Group.
Source: Fool.com
