Fossil Group Inc
XMUN:FSL

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Fossil Group Inc Logo
Fossil Group Inc
XMUN:FSL
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Price: 3.622 EUR 0.17% Market Closed
Market Cap: €1.6B

Fossil Group Inc
Investor Relations

Fossil Group designs and sells fashion watches, smartwatches, jewelry, handbags, and small leather goods under its own brands and under licensed names. Its core customer is the consumer buying style-driven accessories, but Fossil also sells through department stores, specialty retailers, and online channels, so it reaches shoppers both directly and through wholesale partners. The company makes money by selling finished products and, in some cases, by licensing brand names. Its business sits in the middle of the fashion value chain: it creates the product designs and branding, then works with suppliers and retailers to get those items to market. That makes Fossil more of a brand and product company than a factory-focused one. What sets Fossil apart is its focus on accessories rather than broad apparel. Watches remain the best-known part of the business, and the company also uses fashion partnerships and licensed brands to attract customers who want recognizable style at accessible prices. That mix of branded products, licensing, and multi-channel selling is central to how the business works.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 13, 2026
AI Summary
Q1 2026

Strong start: Fossil said Q1 net sales were $218 million, with gross margin of 59.7% and adjusted operating income of $10 million, and management said results were better than expected.

Wholesale led: The quarter was boosted by stronger-than-expected wholesale results, especially traditional watches, core brands and key geographies such as the U.S. and India.

Guidance held: Management reiterated full-year 2026 guidance despite saying results are ahead of expectations, citing geopolitical uncertainty and possible impacts on input costs and consumers.

Turnaround progress: The company said its turnaround pillars are working, with tighter expense control, fewer stores, improved full-price selling and better inventory management.

Brand momentum: Fossil highlighted Big Tic, Star Wars and upcoming Marvel collaborations as key brand-building initiatives meant to drive awareness, traffic and higher-quality sales.

AI focus: Management said AI and Agentic AI are being applied in marketing, e-commerce and supply chain, and framed it as part of both growth and operating-model optimization.

Key Financials
Net sales
$218 million
Gross margin
59.7%
Adjusted operating income
$10 million
SG&A dollars
down 13%
Restructuring costs
$2 million
Cash and cash equivalents
$81 million
Availability under asset-based revolver
$28 million
Inventory
$156 million
Cash used in operations
down over 50% year over year
Store closures
7 stores closed in Q1
Wholesale growth
mid-single digit
Traditional watch sales in wholesale
up high single digits
New wholesale doors in India
more than 70
Tariff refund claim
$5.9 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jeffrey N. Boyer
Chief Operating Officer
No Bio Available
Mr. Franco Fogliato
CEO & Director
No Bio Available
Mr. Andrew R. Skobe
Interim Chief Financial Officer
No Bio Available
Mr. Randy S. Hyne
VP, Chief Legal Officer, General Counsel & Corporate Secretary
No Bio Available
Mr. James Webb
Chief People & Communications Officer
No Bio Available
Ms. Lisa Marie Pillette
Chief Marketing Officer
No Bio Available
Ms. Melissa B. Lowenkron
Chief Brand Officer
No Bio Available

Contacts

Address
TEXAS
Richardson
901 S Central Expy
Contacts
+19722342525.0
www.fossilgroup.com
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