What happened

Shares of Fossil Group Inc. (NASDAQ:FOSL) plunged 37.6% in the month of May, according to data provided by S&P Global Market Intelligence, after the lifestyle accessories specialist announced disappointing first-quarter 2017 results.

So what

Quarterly revenue declined 11.8% year over year (11% at constant currency) to $581.8 million. That translated to a net loss of $48.2 million, or $1.00 per share, compared to net income of $0.12 per share in the same year-ago period. To be fair, though, those results included a $0.35-per-share restructuring charge, partly offset by non-operating currency hedging gains of $0.11 per share.

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