💥"Where did you dig up that old Fossil?" - Han Solo💥
Fossil Group Inc. ($FOSL), Tubular Synergy Group LP + More
It’s been a while since we last discussed Fossil Group Inc. ($FOSL):
Since 3Q’23, the company has continued to struggle. Net sales were down 15.6% YoY and 21.6% YoY for 4Q’23 and 1Q’24, respectively. Adjusted EBITDA continues to be in the red even for the holiday season of 4Q’23. And liquidity is now down to $122.8mm as of 1Q’24 compa…