How did Fossil's revenue and expenses trend in Q4 2024 compared to previous quarters?

**Fossil's revenue and expenses in Q4 2024 showed notable improvements compared to previous quarters**, reflecting the company's strategic initiatives under its Transform and Grow (TAG) Plan. 1. **Revenue Trend**: - Fossil's revenue for Q4 2024 was $342.3 million. - The revenue in Q3 2024 was $287.82 million, indicating a seasonal increase from the previous quarter. - The revenue in Q2 2024 was $259.99 million, which was lower than the previous quarter's revenue, reflecting a typical seasonal pattern with a decline from the peak summer season. - The revenue in Q1 2024 was $254.88 million, marking a seasonal low, which is consistent with the trend of declining revenues from one quarter to the next. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |FOSL|FOSL.O|Fossil Group|2023 Q4|-15.603820117119808|4.21261E8|185| |FOSL|FOSL.O|Fossil Group|2024 Q1|-21.5828400546401|2.54884E8|185| |FOSL|FOSL.O|Fossil Group|2024 Q2|-19.248926905325405|2.59991E8|185| |FOSL|FOSL.O|Fossil Group|2024 Q3|-16.36110554136481|2.87819E8|185| 2. **Expense Trend**: - Specific data on Fossil's expenses for Q4 2024 is not available. - However, the company reported a significant reduction in Selling, General, and Administrative (SG&A) expenses in Q3 2024, which decreased by 16% to $161 million compared to the previous year. - The company also reported a reduction in inventory levels, with a decrease of 31% versus the previous year. - Fossil has been implementing the TAG Plan, which targets $100 million in annualized savings by 2024. 3. **Comparative Analysis**: - Fossil's revenue in Q4 2024 showed a seasonal increase, which is a positive indicator despite the overall decline in revenue from Q1 to Q3. - The company's strategic exits and optimizations have had a significant impact, as evidenced by the decrease in inventory and the narrowing of the operating loss. - The improvements in gross margins to 49.4% and the reduction in SG&A expenses highlight the effectiveness of the TAG Plan in enhancing operational efficiencies. In conclusion, Fossil's revenue and expenses in Q4 2024 reflect a company that is actively managing its financials in response to strategic shifts, with positive outcomes in terms of margin expansion and reduced operating losses.