** Shares of watchmaker Fossil FOSL.O jump nearly 37% to $1.74
** Co reported adjusted profit of 39 cents per share for Q4 on Wednesday, compared with a loss of 30 cents per share for the year-ago period
** Co also announced a turnaround plan, including closure of 50 retail stores, layoffs, and transition to distributor models in certain international markets
** Adj. operating margin expanded 790 bps to 5.9% for the 13 weeks ended December 28
** Co also announced Randy Greben as its next CFO
** FOSL shares down nearly 3% YTD, including session moves; stock rose ~14.4% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
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