Earnings Call Summary | Fossil Group(FOSL.US) Q2 2024 Earnings Conference
Earnings Call Summary | Fossil Group(FOSL.US) Q2 2024 Earnings Conference
The following is a summary of the Fossil Group, Inc. (FOSL) Q2 2024 Earnings Call Transcript:
以下是化石集團公司(FOSL)2024年第二季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Q2 2024 saw net sales decline by 19% on a constant currency basis.
Gross margin expanded by 390 basis points due to improvements in product margins and lower smartwatch mix.
Adjusted operating loss was significantly narrowed by nearly 40%, thanks to gross margin expansion and substantial cost reduction.
按固定貨幣計算,2024年第二季度的淨銷售額下降了19%。
由於產品利潤率的提高和智能手錶組合的減少,毛利率增長了390個點子。
由於毛利率的擴大和成本的大幅降低,調整後的營業虧損大幅縮小了近40%。
Business Progress:
業務進展:
Fossil continues to focus on four core priorities: advancing the Transform and Grow Plan (TAG), strengthening the balance sheet, stabilizing the business, and conducting a strategic review of the business model.
Positive sales dynamics in traditional watches globally and strong growth in India were reported.
Exit from the smartwatch category and substantial retail store optimization including closure of up to 55 locations by year-end.
Fossil繼續關注四個核心優先事項:推進轉型與增長計劃(TAG)、加強資產負債表、穩定業務以及對商業模式進行戰略審查。
據報道,全球傳統手錶的銷售動態良好,印度的強勁增長。
退出智能手錶類別並進行大量零售商店優化,包括到年底關閉多達55個門店。
Opportunities:
機會:
Fossil signed an expanded license agreement with SKECHERS, extending terms to 2029, aiming to drive further global growth.
Fossil與SKECHERS簽署了擴大的許可協議,將期限延長至2029年,旨在推動全球進一步增長。
Risks:
風險:
Persistent soft consumer demand in China and ongoing brand repositioning are presenting challenges, especially in licensed watch brands and leathers.
The wholesale channel in the US and Europe continues to be challenging.
中國持續疲軟的消費者需求和持續的品牌重新定位帶來了挑戰,特別是在授權手錶品牌和皮革方面。
美國和歐洲的批發渠道仍然充滿挑戰。
More details: Fossil Group IR
更多詳情:化石集團投資者關係
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:本文由 AI 生成。無法完全保證內容的準確性。欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。