Fossil Group

Fossil Group, Inc. engages in the design, marketing and distribution of consumer fashion accessories. The firm operates through the following geographical segments: Americas, Europe, and Asia. Its products include men's and women's fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing which are sold through department stores, specialty retail locations, specialty watch and jewelry stores, owned retail and factory outlet stores, mass market stores, owned, and affiliate internet sites. The company was founded by Tom Kartsotis in 1984 and is headquartered in Richardson, TX.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Earnings data Q1 2026

Fossil Group reports Q1 challenges, eyes Asia growth opportunities

Fossil Group's Q1 2023 performance reflected challenges in net sales decline and operating loss, but with positive inventory reductions and gross margin.
The company's strategic focus on brand revitalization, expansion in jewelry, and cost management is driving transformation efforts.
Opportunities lie in leveraging strong consumer spending in Asia, while addressing challenges in soft European demand and operational efficiency.

Fossil Group initiates transformation plan to counter sales decline

Fossil Group's Q2 2023 was marked by sales challenges, prompting a comprehensive transformation program to drive financial improvements. Despite operational losses, the company is strategically focusing on core strengths and growth opportunities while addressing key challenges in sales and margins.

Fossil Group tackles Q3 challenges, eyes growth through brand strategies

Fossil Group navigated challenges in Q3 with a focus on cost-saving initiatives and brand revitalization strategies.
Despite sales declines, the company saw positive performance in core markets and direct-to-consumer channels, hinting at future growth potential.
Revised guidance reflects early progress under the Transform and Grow Plan, with expectations to improve sales and operating income performance in 2024.

Fossil Group tackles challenges, eyes growth through strategic shifts

Fossil Group navigated challenges in Q4 2023 by rationalizing unprofitable segments and focusing on core revenue stabilization.
The company aims to capture $300 million in annualized benefits by 2025 through the TAG plan and strategic shifts.
Efforts to strengthen the balance sheet and execute growth strategies position Fossil Group for improved performance in 2024.

Fossil Group narrows losses and boosts margins despite revenue challenges

Fossil Group navigated challenging top-line trends in Q1 2024 but showed resilience through improved margins and cost reductions.
The Transform & Grow Plan drove positive gross margin expansion and operational efficiencies, narrowing the operating loss.
While facing revenue challenges in certain product categories, the company aims for full-year sales of $1.2 billion with adjusted operating margin loss.
Strategic focus on cost-saving initiatives and workforce reductions to enhance profitability and free cash flow.

Fossil Group reports Q3 sales decline, margin expansion under new CEO

Fossil Group faces challenges with declining sales but shows strength in margin expansion and cost reductions.
New CEO's strategic priorities aim to redefine the business and drive growth through disciplined actions.
Opportunities lie in sales reignition strategies and operational improvements to enhance profitability.
Overall, Fossil Group is navigating challenges while positioning for growth under new leadership.

Fossil Group beats Q4 expectations, eyes profitability by 2026

Fossil Group's Q4 performance showcased improved margins, reduced costs, and a positive adjusted operating income. The company's turnaround plan focuses on core products, cost optimization, and balance sheet strength to drive profitability by 2026.

Fossil Group reports strong Q1 performance, focuses on growth strategies

Fossil Group's Q1 2025 performance showcases progress in core sales, profitability, and margin expansion. The company's strategic initiatives and focus on innovation, cost optimization, and brand partnerships are driving positive momentum. Challenges include sales decline and tariff impacts, but opportunities lie in core product focus and global growth strategies.

Fossil Group surpasses Q2 expectations, eyes growth with strategic moves

Fossil Group's Q2 performance exceeded expectations, driven by strong sales growth, strategic initiatives, and a focus on core products and operational efficiency. The company's strengths lie in its brand portfolio, leadership team, and optimization efforts, positioning it well for future growth and profitability. While challenges exist in maintaining momentum and balancing investments, Fossil has opportunities to capitalize on its current success and drive further growth and market expansion.

Fossil Group narrows sales decline, eyes growth through strategic initiatives

Fossil Group's Q3 2025 performance showed resilience with narrowed sales decline and strong gross margins. Strategic initiatives like cost savings, brand recognition, and collaborations position the company for future growth. Challenges persist in sales declines and operational transitions, requiring continued focus and strategic planning. Opportunities lie in optimizing global footprint, collaborations, and innovative store concepts for sustained growth.

Fossil Group exceeds expectations in Q4 2025, eyes growth in 2026

Fossil Group's Q4 2025 earnings call highlighted strong financial performance, strategic initiatives, and a focus on operational excellence. The company aims to deepen consumer engagement, drive profitability, and return to top-line growth in 2026 through innovation and brand revitalization. With a solid financial position, reduced expenses, and a clear roadmap for growth, Fossil Group is poised to navigate challenges and seize opportunities in the retail market.