Fossil Group, Inc. Provides Revenue Guidance for the First Quarter Ending April 3, 2021 and Full Year of 2021
March 10, 2021 at 04:05 pm EST
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Fossil Group, Inc. provided revenue guidance for the first quarter ending April 3, 2021 and full year of 2021. For the quarter, the company expects worldwide net sales to decline in the range of 17% to 12% compared to the 14-week quarter ended April 4, 2020, primarily reflecting the current level of pandemic restrictions in key markets, as well as the additional week in the 2020 period.
For full year 2021, the company expects worldwide net sales growth of approximately 10% to 15% versus 2020.
Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Companyâs principal offerings include a line of men's and women's fashion traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. Its segments include Americas, Europe and Asia. The Americas is comprised of sales from its operations in the United States, Canada and Latin America. Europe segment is comprised of sales to customers based in European countries, the Middle East and Africa. Asia segment is comprised of sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. The Company's owned brands include FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, and TORY BURCH. Its products are distributed through wholesale, retail stores, commercial Website, and others.
FOSSIL GROUP, INC. 
