Fossil Group(FOSL) - 2024 Q1 - Quarterly Results

Exhibit 99.1 FOSSIL GROUP, INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Maintains Full Year 2024 Outlook Richardson, TX, MAY 8, 2024 (GLOBE NEWSWIRE) - Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended March 30, 2024. First Quarter Summary • First quarter worldwide net sales decreased to $255 million, down 22% on a reported basis and 21% in constant currency, reflecting five points of impact related to the Company’s strategic actions to exit the smartwatch ...