BUZZ-Watchmaker Fossil up after quarterly margin rise

Reuters03-12

** Shares of watchmaker Fossil FOSL.O up 7.5% at $4.43 after the bell

** Company's Q4 gross margin increased 350 basis points to 57.4% vs 53.9% a year ago

** Posts annual adjusted EBITDA of $16.9 million, or 1.7% of net sales, compared to a loss of $14.9 million in the prior year

** "As we continue to advance our brand-led, consumer-focused operating model, we are entering the next evolution of our turnaround plan, designed to return the company to top line growth, meaningfully improve profitability," says CEO Franco Fogliato

** Co, however, reports a sales decline and a wider loss for the fourth quarter

** FOSL up 125% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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