Fossil Is Not Alone In Its Performance Retrogression Is Downgraded By Moodie.

If you want to say that you want to develop vigorously, unfortunately you may go astray.

Now.

In the meantime, Fossil has had a strong contrast in the first quarter because of its retrogressive performance and its earlier exaggeration.

It is reported that Moodie Investment Service Agency recently lowered its outlook rating in one breath to "negative" after Fossil released its financial crash last week. At the same time, it also lowered Fossil's senior unsecured rating to Baa3.

And from the external environment, because Fossil is in electronics.

The market is still not outstanding.

Despite the acquisition of Misfit, a wearable device manufacturer, the negative impact of passenger traffic and the strong US dollar exchange rate will still affect the prospects of Fossil.

Moodie analysts said in a report that the reason for the investment bank's decision is that the group's revenues and profits are declining, so its credit capacity and cash flow expectations will be weakened in 2016.

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Previously, the Fossil group, which was a big clamour on electronic wearable devices, was able to keep up with the trend and keep pace with the electronic wearable devices. However, judging from its recently released first quarter earnings report, Fossil group still failed to save its losses.

It is reported that in the first quarter of April 2, 2016, sales of the group are expected to decline by 10% to 8%, while watch sales of the group's main category also continue to deteriorate, the actual sales dropped by 10% compared with the same period, while the jewelry of hard and luxury items also dropped 11%, while the leather products show the most prominent, with an increase of 2%.

In terms of net profit, the group hit a huge drop of 84.8% to 5 million 800 thousand dollars.

Although the group is still satisfied with its sales performance in the first quarter, its watch brand and its own brand are still struggling, and sales figures are also worse than market expectations.