Fossil Group, Inc. Reports First Quarter 2023 Financial Results
RICHARDSON, Texas, May 10, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended April 1, 2023.
- RICHARDSON, Texas, May 10, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended April 1, 2023.
- As a percentage of net sales, operating expenses were 60.9% in the first quarter of 2023 compared to 52.8% in the prior year first quarter.
- Operating margin was (11.5)% in the first quarter of 2023 compared to (3.8)% in the prior year first quarter.
- Adjusted operating margin was (7.7)% in the first quarter of 2023 compared to (3.0)% in the prior year first quarter.