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Fossil Group, Inc. Reports Fourth Quarter and Full Year 2020 Results; Announces Full Year 2021 Financial Outlook

Mar 10, 2021 - GlobeNewswire
Financial Results

RICHARDSON, Texas, March 10, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended January 2, 2021.

Fourth Quarter Summary Worldwide net sales of $528 million decreased 26% on a reported basis and 28% in constant currency. Topline performance was better than expected, due to added strength in digital sales and sales in Mainland China. On a constant currency basis, digital sales increased 25% compared...