Jumps on strong sales outlook

Fossil

12/05/2021 22:07

** Shares of watch maker  FOSL.O  jump 9% to $10.95 in
extended trade
    ** Expects Q2 worldwide sales to jump between 50%-55% as
pandemic restrictions ease up in key markets; estimates FY21
worldwide sales to grow between 12%-16%
    ** Co also posted a smaller quarterly loss of $24.4 mln vs 
year-ago loss of $85.6 mln, helped by cost reductions
 urn:newsml:reuters.com:*:nGNX1sznZ
    ** FOSL also saw 40% growth in digital channels, primarily
driven by its e-commerce websites
    ** Stock up 15.8% YTD

 (Reporting by Trisha Roy in Bengaluru)
 ((Trisha.Roy@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6182 3635;))