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 Q1 2021

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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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Bear of the Day: Fossil (FOSL)

Fashion accessories retailer Fossil Group (NASDAQ:FOSL) has reported an earnings miss in its recent quarter.

Fossil Has Lost Half of Its Value This Year

Fossil Group Inc’s (NASDAQ: FOSL) turnaround was expected to be driven by wearable growth and traditional watch stabilization, neither of which have materialized, according to KeyBanc Capital Markets.

KeyBanc Downgrades Fossil, Says Expected Turnaround Has Not Manifested

Fossil Group Inc. FOSL, -20.06% shares plummeted 20.4% in Thursday trading after the watchmaker reported a quarterly loss, explained why headwinds would continue, and was downgraded at KeyBanc Capital Markets.

Fossil shares sink 20% after earnings miss, downgrade and forecast for more troubles ahead

Shares of Fossil are tanking Thursday after a large bottom-line loss.

Why Fossil Group Shares Plunged 25% Thursday Morning

Fossil's (FOSL) third-quarter 2019 performance hurt by persistent declines in watches, jewelry and leather categories.

Fossil (FOSL) Stock Down on Q3 Loss, Y/Y Revenue Decline

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Fossil Group, Inc. (FOSL) CEO Kosta Kartsotis on Q3 2019 Results - Earnings Call Transcript

Fossil Group (FOSL) delivered earnings and revenue surprises of -137.50% and -5.22%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Fossil Group (FOSL) Reports Q3 Loss, Misses Revenue Estimates

Shares of Fossil Group Inc. tanked 28% in the extended session Wednesday after the watchmaker swung to a surprise quarterly loss and said its sales fell 11%.

Fossil stock plunges 28% after surprise quarterly loss

Fossil Group (NASDAQ: FOSL) unveils its next round of earnings this Wednesday, November 6.

Fossil Group's Q3 Earnings Preview

Fossil's (FOSL) third-quarter 2019 results are expected to reflect impacts of currency headwinds and business exits. However, the New World Fossil plan bodes well.

Here's How Fossil (FOSL) Looks Just Ahead of Q3 Earnings

Fossil Group (FOSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fossil Group (FOSL) Earnings Expected to Grow: Should You Buy?

This former Wall Street darling still has a lot to prove before it can be considered a turnaround play.

Can Fossil Rebound After Plummeting 90% in 5 Years?

RICHARDSON, Texas, Oct.  15, 2019  (GLOBE NEWSWIRE) -- Fossil Group, Inc. (Nasdaq GS: FOSL) (the “Company”) announced the appointment of Kim Harris Jones to its Board of Directors effective October 15, 2019.  With the appointment, the Company’s Board of Directors consists of ten members, including nine independent directors and one current member of senior management.  Ms. Harris Jones has also been appointed to the Company’s Audit Committee of the Board of Directors.

Fossil Group, Inc. Appoints Kim Harris Jones to Its Board of Directors

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Fossil Group (FOSL) a Great Value Stock Right Now?

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Fossil (FOSL) is benefiting from initiatives such as focus on wearables, e-commerce expansion and the NWF plan.

Fossil Looks Appealing on Strong Wearables Unit & E-commerce

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Fossil Group (FOSL) reported earnings 30 days ago. What's next for the stock?

Why Is Fossil Group (FOSL) Up 21.9% Since Last Earnings Report?

Are Investors Undervaluing Fossil Group (FOSL) Right Now?

Puma on Thursday announced it will launch its first-ever smartwatch, in partnership with American brand Fossil Group.

Puma is launching its own smartwatch for $275

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News for Fossil Group Stock (FOSL)