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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RICHARDSON, Texas, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the third quarter 2023 after market close on Wednesday, November 8, 2023, 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 2023 Earnings Release and Conference Call

RICHARDSON, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that the Company will participate in the B. Riley Securities 2023 Consumer Conference on September 14, 2023. Sunil Doshi, Chief Financial Officer, and Holly Briedis, Chief Customer Officer, will participate in a fireside chat and host one-on-one meetings the same day.

Fossil Group, Inc. to Participate in B. Riley Securities 2023 Consumer Conference

Fossil Group, Inc. (NASDAQ:FOSL ) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group, IR Kosta Kartsotis - Chairman and CEO Sunil Doshi - CFO Jeff Boyer - COO Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group Second Quarter 2023 Earnings Call. [Operator Instructions] This conference call is being recorded and may not be reproduced in whole or in part without written permission from the company.

Fossil Group, Inc. (FOSL) Q2 2023 Earnings Call Transcript

Triples Transform and Grow Plan to $300 Million Provides Updated Full Year 2023 Outlook RICHARDSON, Texas, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal second quarter ended July 1, 2023. Second Quarter Summary Second quarter worldwide net sales totaled $322 million, decreasing 13%.

Fossil Group, Inc. Reports Second Quarter 2023 Financial Results

RICHARDSON, Texas, July 26, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the second quarter 2023 after market close on Wednesday, August 9, 2023, 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 2023 Earnings Release and Conference Call

Fossil Group, Inc. (NASDAQ:FOSL ) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group, Investor Relations Kosta Kartsotis - Chairman and CEO Sunil Doshi - Chief Financial Officer Jeff Boyer - Chief Operating Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group First Quarter 2023 Earnings Call. At this time all parties are in listen-only mode.

Fossil Group, Inc. (FOSL) Q1 2023 Earnings Call Transcript

Maintains Full Year 2023 Outlook; Extends Armani and Diesel license agreements Maintains Full Year 2023 Outlook; Extends Armani and Diesel license agreements

Fossil Group, Inc. Reports First Quarter 2023 Financial Results

RICHARDSON, Texas, April 26, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the first quarter 2023 after market close on Wednesday, May 10, 2023, 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 2023 Earnings Release and Conference Call

The outlook for 2023 and 2024 earnings may lead you to believe that discretionary stocks (NYSEARCA: XLY) like Fossil Group (NASDAQ: FOSL) would be a good bet in 2023, but they aren't; yet. The outlook for 2023 is for earnings to decline in the discretionary sector by more than 21.2% and the consensus figure reported by Factset is falling.

Fossil Group: Should You Bet On Consumer Discretionary In 2023?

Fossil Group, Inc. (NASDAQ:FOSL ) Q4 2022 Earnings Conference Call March 8, 2023 5:00 PM ET Company Participants Christine Greany - IR, Blueshirt Group Kosta Kartsotis - Chairman & Chief Executive Officer Jeff Boyer - Chief Operating Officer Sunil Doshi - Chief Financial Officer Greg McKelvey - EVP & Chief Commercial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group's Fourth Quarter and Full Year 2022 Earnings Call. At this time, all parties are in listen-only mode.

Fossil Group, Inc. (FOSL) Q4 2022 Earnings Call Transcript

Outlines Transform and Grow Strategy; Provides 2023 Outlook Outlines Transform and Grow Strategy; Provides 2023 Outlook

Fossil Group, Inc. Reports Fourth Quarter and Full Year 2022 Results

RICHARDSON, Texas, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the fourth quarter and full year 2022 after market close on Wednesday, March 8, 2023, 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 and Full Year 2022 Earnings Release and Conference Call

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RICHARDSON, Texas , Dec. 6, 2022 /PRNewswire/ -- Fossil Group, Inc. (NASDAQ: FOSL) (the "Company" or "Fossil Group") today announced the addition of respected beauty and fashion executive Suzanne (Susie) Coulter to the Company's Board of Directors, effective immediately. The appointment expands the size of the Board of Directors to eight members, including seven independent directors.

Fossil Group Appoints Susie Coulter to Board of Directors

Fossil Group, Inc. (NASDAQ:FOSL ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Christine Greany - Blueshirt Group Kosta Kartsotis - Chairman Chief Executive Officer Jeff Boyer - Chief Operating Officer Sunil Doshi - Chief Financial Officer Greg McKelvey - EVP, Chief Commercial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group Third Quarter 2022 Earnings Call. At this time, all parties are in a listen-only mode.

Fossil Group, Inc. (FOSL) Q3 2022 Earnings Call Transcript

Provides Updated Full Year 2022 Outlook Provides Updated Full Year 2022 Outlook

Fossil Group, Inc. Reports Third Quarter 2022 Financial Results

RICHARDSON, Texas, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the third quarter 2022 after market close on Wednesday, November 9, 2022, 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 2022 Earnings Release and Conference Call

RICHARDSON, Texas , Sept. 12, 2022 /PRNewswire/ -- Fossil Group, Inc. (NASDAQ: FOSL) (the "Company" or "Fossil"), a global design, marketing, distribution, and innovation company, today announced that Lisa Marie Pillette has joined the Company as Senior Vice President and Chief Marketing Officer.

FOSSIL GROUP, INC. ANNOUNCES THE APPOINTMENT OF LISA MARIE PILLETTE AS CHIEF MARKETING OFFICER

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RICHARDSON, Texas , Aug. 22, 2022 /PRNewswire/ -- Fossil Group, Inc. (NASDAQ: FOSL) (the "Company" or "Fossil Group") today released its 2021 Corporate Sustainability Report highlighting the Company's commitments and progress on environmental, social and governance (ESG) initiatives for the 2021 calendar year. In the past year, Fossil Group has worked to broaden further and articulate the company's corporate responsibility.

FOSSIL GROUP, INC. RELEASES 2021 CORPORATE SUSTAINABILITY REPORT

Fossil Group (FOSL) recently announced its Q2 2022 earnings results. These are the details.

Fossil Group (FOSL) Q2 2022 Earnings Highlights

Fossil Group, Inc. (NASDAQ:FOSL ) Q2 2022 Earnings Conference Call August 10, 2022 5:00 PM ET Company Representatives Kosta Kartsotis - Chairman Chief Executive Officer Jeff Boyer - Chief Operating Officer Sunil Doshi - Chief Financial Officer Greg McKelvey - EVP, Chief Commercial Officer Christine Greany - Blueshirt Group Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group's Second Quarter 2022 Earnings Call. At this time all parties are in listen-only mode.

Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q2 2022 Results - Earnings Call Transcript

Fossil Group, Inc. Reports Second Quarter 2022 Financial Results

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RICHARDSON, Texas, July 27, 2022 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the second quarter 2022 after market close on Wednesday, August 10, 2022, 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.

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