Fossil Group, Inc.

Listed Company

FOSLCIK 0000883569NasdaqAcceleratedSmaller ReportingWatches, Clocks, Clockwork Operated Devices/PartsDelawareFY ends Dec 31

Period

FY 2026

Revenue

$1.00B

Net Income

$-77.84M

Total Assets

—

Equity

—

Shares Out

59.10M

Op. Cash Flow

$-57.90M

Business

Fossil Group, Inc. is a design, innovation and distribution company specializing in consumer fashion accessories. It designs, develops, markets and distributes watches, jewelry, handbags, small leather goods, belts and sunglasses under owned brands (FOSSIL, SKAGEN, MICHELE, RELIC, ZODIAC) and licensed brands (e.g., Armani Exchange, Emporio Armani, Michael Kors, Kate Spade). The company manages operations and performance by geographic reportable segments—Americas, Europe and Asia—and by its owned and licensed brand portfolio. Fossil Group distributes globally via company-owned subsidiaries, retail and outlet stores, wholesale and distributor partners, e-commerce and third-party platforms.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,004	1,145	1,412	1,682	1,870
Cost of sales	441	548	733	852	904
Gross profit	563	597	680	831	966
Selling, general and administrative expenses	540	639	777	824	843
Long-lived asset impairments	2	3	2	2	9
Restructuring expenses	41	60	43	6	22
Total operating expenses	582	701	823	832	874
Operating income (loss)	−19	−104	−143	−1	93
Interest expense	20	19	22	19	—
Other income (expense) - net	−10	5	9	−1	−15
Income (loss) before income taxes	−50	−118	−156	−22	53
Provision (benefit) for income taxes	28	−12	522,000	21	26
Net income (loss)	−78	−106	−157	−44	27
Less: Net income (loss) attributable to noncontrolling interest	462,000	−4	429,000	631,000	1
Net income (loss) attributable to Fossil Group, Inc.	−78	−103	−157	−44	25
Currency translation adjustment	24	−5	7	−15	−14
Cash flow hedges - net change	−474,000	124,000	−709,000	−2	3
Pension plan activity	−464,000	−2	−6	8	3
Total other comprehensive income (loss)	23	−6	−87,000	−9	−8
Total comprehensive income (loss)	−55	−112	−157	−53	18
Less: Comprehensive income (loss) attributable to noncontrolling interest	462,000	−4	429,000	631,000	1
Comprehensive income (loss) attributable to Fossil Group, Inc.	−56	−109	−157	−53	17
Basic (in dollars per share)	−1.45	−1.94	−3	−0.85	0.49
Diluted (in dollars per share)	−1.45	−1.94	−3	−0.85	0.48
Basic (in shares)	54	53	52	52	52
Diluted (in shares)	54	53	52	52	53

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	96	124	117	199	251
Accounts receivable-net	145	162	188	206	255
Inventories	152	179	253	376	347
Prepaid expenses and other current assets	76	90	153	164	170
Total current assets	468	555	711	945	1,023
Property, plant and equipment-net	34	42	57	80	90
Operating lease right-of-use assets	118	121	151	157	178
Intangible and other assets-net	69	46	59	56	79
Total long-term assets	221	209	267	293	346
Total assets	689	764	978	1,238	1,369
Accounts payable	133	158	147	191	230
Short-term debt	4	2	480,000	342,000	554,000
Current operating lease liabilities	35	37	44	50	59
Compensation	49	43	45	44	74
Royalties	18	17	16	21	39
Customer liabilities	29	30	38	42	41
Transaction taxes	5	11	10	14	17
Other	17	20	28	40	47
Income taxes payable	12	8	15	23	29
Total current liabilities	302	327	342	426	536
Long-term income taxes payable	5	5	20	23	20
Deferred income tax liabilities	607,000	1	698,000	616,000	504,000
Long-term debt	174	163	207	216	141
Long-term operating lease liabilities	104	114	138	150	175
Other long-term liabilities	16	17	18	20	31
Total long-term liabilities	301	300	384	409	368
Commitments and contingencies (Note 14)	—	—	—	—	—
Common stock, 58,354 and 53,254 shares issued and outstanding at January 3, 2026 and December 28, 2024, respectively	584,000	533,000	525,000	518,000	521,000
Treasury stock, at cost, 2,500 shares at January 3, 2026	−5	0	—	—	—
Additional paid-in capital	329	315	312	306	301
Retained earnings	−163	−84	18	175	229
Accumulated other comprehensive income (loss)	−60	−83	−76	−76	−67
Total Fossil Group, Inc. stockholders' equity	103	149	254	406	463
Noncontrolling interest	−16	−12	−2	−3	2
Total stockholders' equity	87	137	252	403	465
Total liabilities and stockholders' equity	689	764	978	1,238	1,369

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion	13	16	19	23	30
Non-cash lease expense	57	65	75	79	90
Stock-based compensation	2	3	6	8	9
Decrease in allowance for returns and markdowns	−3	−2	−3	−7	−6
Gain on disposal of assets	−12	−4	−6	−460,000	−5
Property, plant and equipment and other long-lived asset impairment losses	2	3	2	3	9
Non-cash restructuring charges	72,000	15	8	779,000	655,000
Bad debt expense	444,000	6	4	6	3
Other non cash items	9	−1	−7	12	18
Loss on extinguishment of debt	3	0	0	1	13
Contingent consideration remeasurement	0	−154,000	−348,000	2	347,000
Accounts receivable	22	12	20	42	−35
Inventories	35	59	126	−46	−62
Prepaid expenses and other current assets	−927,000	66	19	−4	21
Accounts payable	−36	14	−43	−35	54
Accrued expenses	−8	−5	−24	−55	−13
Income taxes	4	−22	−10	−4	3
Operating lease liabilities	−67	−72	−86	−93	—
Net cash (used in) provided by operating activities	−58	47	−59	−111	50
Additions to property, plant and equipment	−3	−7	−9	−13	−10
Decrease (increase) in intangible and other assets	2	1	−1	2	6
Proceeds from the sale of property, plant and equipment and other	23	9	23,000	3	11
Net cash provided by (used in) investing activities	22	4	−10	−9	7
Acquisition of common stock	−164,000	−114,000	−530,000	−12	−2
Distribution of noncontrolling interest earnings	−5	−6	0	−6	0
Debt borrowings	154	116	173	386	255
Debt payments	−120	−159	−184	−314	−354
Proceeds from warrants	1	0	0	—	—
Payment for shares of Fossil Accessories South Africa Pty. Ltd.	0	−422,000	−2	0	0
Debt issuance costs	−36	0	0	−744,000	−10
Net cash (used in) provided by financing activities	−5	−50	−14	53	−113
Effect of exchange rate changes on cash and cash equivalents, and restricted cash	14	4	463,000	6	−4
Net (decrease) increase in cash and cash equivalents, and restricted cash	−27	5	−82	−60	−60

Filings

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