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:
以下是福斯爾集團（FOSL）2024年Q2業績會成績摘要:
Financial Performance:
金融業績：
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.
根據貨幣匯率恒定的基礎上，2024年Q2淨銷售額下降了19%。
由於產品利潤率的提高和智能手錶比例的降低，毛利率提高了390個點子。
由於毛利率提高和大規模成本削減，經調整的運營虧損大幅縮小近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.
福斯爾集團將繼續專注於四個核心優先事項：推進轉型與增長計劃（TAG）、加強資產負債表、穩定業務並對業務模型進行戰略審查。
全球傳統手錶銷售業績積極，並在印度實現強勁增長。
退出智能手錶類別和實質性零售店優化，包括在年底關閉高達55家門店。
Opportunities:
機會：
Fossil signed an expanded license agreement with SKECHERS, extending terms to 2029, aiming to drive further global growth.
福斯爾與SKECHERS簽署了一份擴大許可協議，將條款延長至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.
中國持續軟弱的消費者需求和品牌再定位帶來了挑戰，特別是在許可的手錶品牌和皮革方面。
美國和歐洲的批發渠道繼續面臨挑戰。
More details: Fossil Group IR
更多詳情請參見福斯爾集團IR。
Tips: 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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。