Fossil Sinks on Losses, Uncertain Prospects
The retail industry has gone through tough times, but for high-end watchmaker Fossil Group (NASDAQ: FOSL), the problems have gone beyond the economic environment. Fossil Group knows it needs to change its strategy in order to return to success, but it's another thing entirely to be able to do something to make a positive change.
Coming into Tuesday's third-quarter financial report, Fossil investors were prepared for more downbeat results and tepid guidance. Fossil's results did have a few positives, but for the most part, the watchmaker goes into the holiday season knowing that a repeat of last year's disastrous results could prove to be an extinction event for the company. Let's take a closer look at Fossil Group to see what its latest numbers say about the watchmaker.
Image source: Fossil Group.
Source: Fool.com
