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.

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Fossil Group navigates challenges, focuses on brand growth and profitability

Fossil Group faced headwinds in 2022 but made progress in brand growth and digital transformation. Strategic actions are being taken to drive transformation and generate benefits. While challenges persist, Fossil is optimistic about opportunities for brand revitalization and profitability improvement.

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.

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Fossil Group has seen continued challenges in its business, but sees modest year-over-year improvements.

Fossil Group: Still Watching, Not Carrying

RICHARDSON, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the second quarter of 2021 after market close on Wednesday, August 11, 2021, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

Fossil Group, Inc. Announces Date for Second Quarter 2021 Earnings Release and Conference Call

RICHARDSON, Texas, July 12, 2021 /PRNewswire/ -- Fossil Group, Inc. (NASDAQ: FOSL) (the "Company" or "Fossil Group") today announced that as it continues to build on its industry-leading transformation to a digital-first retailer, Holly Briedis has joined the company's executive leadership team as Executive Vice President, Chief Digital Officer. In this new role, Holly will be responsible for leading Fossil Group's digital initiatives.

Fossil Group Appoints Holly Briedis Chief Digital Officer to Lead the Company's Digital Transformation

RICHARDSON, Texas, June 02, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that the Company will participate in the Baird Global Consumer, Technology & Services Virtual Conference on June 9, 2021. The management team will participate in a fireside chat at 12:50 p.m. Eastern Time and host one-on-one meetings the same day. A link to the live webcast, as well as a replay of the archived webcast, will be available on the Fossil Group investor relations website at https://www.fossilgroup.com/investors .

Fossil Group, Inc. to Participate in the Baird Global Consumer, Technology & Services Virtual Conference

Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q1 2021 Results - Earnings Call Transcript

RICHARDSON, Texas, April 28, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the first quarter of 2021 after market close on Wednesday, May 12, 2021, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

Fossil Group, Inc. Announces Date for First Quarter 2021 Earnings Release and Conference Call

Shares of Fossil plunged in early trading today thanks to the company's earnings release. Here's a quick look at what spooked investors.

Why Fossil Group Stock Fell 18% in the First Hour Today

Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q4 2020 Results - Earnings Call Transcript

RICHARDSON, Texas, March 10, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced the promotion of Sunil Doshi, Senior Vice President Global Finance & Accounting and Chief Accounting Officer, to Chief Financial Officer and Treasurer, effective March 29, 2021. Mr. Doshi, who brings more than 20 years of experience in senior finance roles, will assume the CFO position from Jeffrey Boyer, who remains Chief Operating Officer and a member of Fossil Group's Office of the Chairman. Sunil will report to Jeff in his new role.

Fossil Group Appoints Finance Veteran Sunil Doshi as Chief Financial Officer

RICHARDSON, Texas, March 10, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended January 2, 2021.

Fossil Group, Inc. Reports Fourth Quarter and Full Year 2020 Results; Announces Full Year 2021 Financial Outlook

RICHARDSON, Texas, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the fourth quarter ended January 2, 2021, after market close on Wednesday, March 10, 2021, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

Fossil Group, Inc. Announces Date for Fourth Quarter 2020 Earnings Release and Conference Call

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RICHARDSON, Texas, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today issued the following statement regarding its continued partnership with the Armani Group. The two companies established a partnership in 1997, and under the current license agreements, Fossil Group designs and distributes products under the Emporio Armani, Armani Exchange, and Emporio Armani Swiss brands.

Fossil Group Comments on Armani Group Partnership

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Here's Why Fossil Group Stock Tanked After Briefly Hitting 52-Week Highs

The stock price of fashion designer and manufacturer Fossil Group Inc (NASDAQ: FOSL) increased 24.46% today. These are the details.

FOSL Stock Price: Explanation About The 24.46% Increase In Price

The company identified two areas of strength when it reported a better-than-expected third quarter.

Why Fossil Group Stock Soared 24% Today

The shares of Fossil Group Inc (NASDAQ:FOSL) are up 21.5% at $7.25 this afternoon, and on pace for their best session in five months after the retailer reported third-quarter earnings and revenue that showed a clear swing to a quarterly profit from a year-ago loss.

Fossil Stock Rises as Strong Online Sales Lead to Profit Swing

Fossil Group's (FOSL) CEO Kosta Kartsotis on Q3 2020 Results - Earnings Call Transcript

Fossil Group (NASDAQ: FOSL) shares were trading higher on Wednesday after the company reported better-than-expected third-quarter EPS and sales results. The company reported quarterly losses of 31 cents per share, which beat the analyst consensus estimate of 73 cents by 57.53%.

Fossil Pops 30% On Big Q3 Sales Beat

RICHARDSON, Texas, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the third quarter ended October 3, 2020.

Fossil Group, Inc. Reports Third Quarter 2020 Financial Results

RICHARDSON, Texas, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the third quarter ended October 3, 2020 after market close on Wednesday, November 11, 2020, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company's investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

Fossil Group, Inc. Announces Date For Third Quarter 2020 Earnings Release and Conference Call

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News for Fossil Group Stock (FOSL)