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, June 01, 2022 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that the Company will participate in the Baird 2022 Global Consumer, Technology & Services Conference on June 6, 2022. Jeff Boyer, Chief Operating Officer and Sunil Doshi, Chief Financial Officer, will participate in a fireside chat at 2:00 p.m. Eastern Time and host one-on-one meetings the same day.

Fossil Group, Inc. to Participate in the Baird 2022 Global Consumer, Technology & Services Conference

Fossil Group, Inc. (NASDAQ:FOSL ) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group, Investor Relations Kosta Kartsotis - Chairman and CEO Sunil Doshi - Chief Financial Officer Greg McKelvey - EVP and Chief Commercial Officer Jeff Boyer - Chief Operating Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group First Quarter 2022 Earnings Call. At this time all parties are in listen-only mode.

Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q1 2022 Results - Earnings Call Transcript

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

Fossil Group, Inc. Reports First Quarter 2022 Financial Results

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Renowned Marketing Leader Gail Tifford Joins True Search Consumer Practice as Partner

RICHARDSON, Texas, April 27, 2022 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the first quarter 2022 after market close on Wednesday, May 11, 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 First Quarter 2022 Earnings Release and Conference Call

Fossil Group Inc (NASDAQ: FOSL) shares are trading lower by 15.3% at $12.31 after the company reported fourth-quarter earnings results. Fossil reported quarterly earnings of 64 cents per share.

Why Fossil Shares Are Falling

Fossil Group, Inc.'s (FOSL) CEO Kosta Kartsotis on Q4 2021 Results - Earnings Call Transcript

Full Year 2021 Worldwide Net Sales Up 16% to $1.9 Billion

Fossil Group, Inc. Reports Fourth Quarter and Full Year 2021 Results

Fossil Group Inc (NASDAQ: FOSL) reported fourth-quarter net sales growth of 14% year-over-year to $604.2 million and 16% in constant currency. The company recorded 26% and 21% sales growth in the Americas and Europe regions.

Why Fossil Group Shares Are Sliding After-Hours Today

RICHARDSON, Texas, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the fourth quarter and full year 2021 after market close on Wednesday, March 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 Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

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RICHARDSON, Texas, Dec. 8, 2021 /PRNewswire/ -- Fossil Group, Inc. (NASDAQ: FOSL) (the "Company" or "Fossil Group"), a global design, marketing, distribution and innovation company, today announced Melissa Lowenkron will join the company as Senior Vice President and General Manager, Fossil Brand. In this newly created role, Melissa will be responsible for brand strategy, product design and marketing.

Fossil Group Appoints New Fossil Brand General Manager to Lead Flagship Brand

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Fossil designs and distributes consumer fashion accessories. The company works with Armani, Diesel, DKNY, Kate Spade, and many others.

Fossil's Plan To Become A Digital-First Organization Could Make Stock Spike By 50%

The accessories company reported earnings, and wow, did investors like the update. Here's a quick look at why.

Why Fossil Group Stock Rocketed as Much as 44% Today

Fossil (FOSL) stock is taking off on Thursday as investors in the fashion company celebrate positive earnings news today. The post FOSL Stock: 9 Reasons Why Fossil Investors Are Feeling Fantastic Today appeared first on InvestorPlace.

FOSL Stock: 9 Reasons Why Fossil Investors Are Feeling Fantastic Today

Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q3 2021 Results - Earnings Call Transcript

RICHARDSON, Texas, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the third quarter ended October 2, 2021.

Fossil Group, Inc. Reports Third Quarter 2021 Financial Results; Raises Full Year Outlook

RICHARDSON, Texas, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (“Fossil Group” or the “Company”) today announced the closing of its underwritten registered public offering of $150 million aggregate principal amount of 7.00% Senior Notes due 2026 (the “Notes”), including the exercise in full of the underwriters' option to purchase an additional $10 million aggregate principal amount of the Notes.

Fossil Group, Inc. Announces Closing of $150 Million Offering of Senior Notes Due 2026, Including Full Exercise of Underwriters' Option

RICHARDSON, Texas, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (“Fossil Group” or the “Company”) today announced the pricing of its underwritten registered public offering of $140 million aggregate principal amount of 7.00% Senior Notes due 2026 (the “Notes”), representing a $15 million upsize from the previously announced offering. The Company has granted the underwriters a 30-day option to purchase an additional $10.0 million aggregate principal amount of the Notes in connection with the offering. The offering is expected to close on November 8, 2021, subject to customary closing conditions.

Fossil Group, Inc. Announces Pricing of Upsized $140 Million Offering of Senior Notes Due 2026

Fossil Group Inc (NASDAQ: FOSL) has announced an underwritten registered public offering of $125 million of senior notes due 2026. The company expects to grant the underwriters a 30-day option to purchase an additional $5.0 million of Notes.

Fossil Group To Raise $125M Via Debt Offering

RICHARDSON, Texas, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (“Fossil Group” or the “Company”) today announced it has commenced an underwritten registered public offering of $125 million aggregate principal amount of senior notes due 2026 (the “Notes”), subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase an additional $5.0 million aggregate principal amount of Notes in connection with the offering.

Fossil Group, Inc. Announces Offering of $125 Million Senior Notes Due 2026

Fossil Group Inc (NASDAQ: FOSL) reported second-quarter FY21 sales growth of 58.7% year-on-year, to $410.9 million, beating the analyst consensus of $333.50 million. Net sales improved 51% on a constant currency basis.

Fossil Group Stock Shines After Strong Q2, Raised FY21 Outlook

Fossil Group's (FOSL) CEO Kosta Kartsotis on Q2 2021 Results - Earnings Call Transcript

RICHARDSON, Texas, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the second quarter ended July 3, 2021.

News for Fossil Group Stock (FOSL)