Professional
Added to YB: 2024-08-09
Pitch date: 2024-08-07
FOSL [neutral]
Fossil Group, Inc.
+248.21%
current return
Author Info
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Company Info
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally.
Market Cap
$112.9M
Pitch Price
$1.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.82
P/E
-1.65
EV/Sales
0.32
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Pernas Research Passes On: Fossil Group, Inc.
FOSL: $57M mrkt cap, $1.08/share. Restructuring narrows loss ($19M to $6M), +300bps gross margin, -20% opex. $100M+ liquidity. 50% rev (proprietary brands) stabilizing, but licensed brands plummeting. Debt YTW ~40%. Concern: potential non-renewals of licenses. Despite improvements, passing due to uncertainty.
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