Fossil Group Inc Stock Price, News & Analysis

Fossil Group (NASDAQ:FOSL) has launched a comprehensive debt restructuring initiative involving three key components: an Exchange Offer, a Consent Solicitation, and a Rights Offering. The company is offering to exchange all outstanding 7.00% Senior Notes due 2026 for new secured notes with varying terms.

The Exchange Offer includes two options: 9.500% First-Out First Lien Secured Senior Notes due 2029 for holders participating in new money financing, or 7.500% Second-Out Second Lien Secured Senior Notes due 2029 for non-participants. Both options include warrants. Supporting holders, representing 60% of existing notes, have already committed to the restructuring through a Transaction Support Agreement.

The transaction includes a $32.5 million New Money Financing component, with $12.9 million offered to general holders and $19.6 million allocated to supporting holders. The deadline for participation is set for October 7, 2025.

Fossil Group (NASDAQ:FOSL) reported Q2 2025 financial results, showing signs of turnaround with positive operating income. The company achieved net sales of $220.4 million, down 15.2% year-over-year, while gross margin expanded significantly by 490 basis points to 57.5%. Operating income reached $8.5 million with a 3.9% margin.

Key highlights include a 30.8% reduction in operating expenses to $118.2 million, benefiting from an $11 million gain on European warehouse sale. The company maintains strong liquidity of $110.6 million and has raised its full-year 2025 guidance, now expecting mid-teens sales decline versus previous mid to high teens forecast, with adjusted operating margin projected to be breakeven to slightly positive.

Fossil Group (NASDAQ:FOSL) has announced significant financial restructuring initiatives including a new $150 million asset-based revolving credit facility with Ares Management Credit funds, maturing in 2030. The company has also entered into a Transaction Support Agreement with holders of approximately 59% of its 7.00% Senior Notes due 2026.

The agreement includes an exchange offer featuring: 1) A new money investment opportunity of up to $32.5 million for new 9.5% First-Out Senior Secured Notes due 2029, 2) An option to exchange existing notes for new secured notes, and 3) Distribution of warrants for common stock. If less than 90% of noteholders participate, the restructuring may be implemented through a UK proceeding.

Fossil Group (NASDAQ:FOSL) has scheduled its second quarter 2025 earnings release and conference call for Wednesday, August 13, 2025. The financial results will be released after market close, followed by a conference call at 5:00 p.m. ET to discuss the results. Investors can access the live call and replay through the company's investor relations website at fossilgroup.com/investors.

Fossil Group (NASDAQ:FOSL) has appointed Laks Lakshmanan as its new Chief Supply Chain Officer, effective June 16, 2025. Lakshmanan brings over 20 years of supply chain leadership experience and will oversee Fossil's global end-to-end supply chain operations across all brands and regions.

Previously serving as Managing Director at Alvarez & Marsal, Lakshmanan has already been working with Fossil for the past two years as interim Head of Supply Chain. During this period, he has contributed to reshaping the company's distribution strategy and improving manufacturing responsiveness and cost structure.

Fossil Group (NASDAQ: FOSL) has appointed two new members to its Board of Directors: Pamela Edwards and Wendy Schoppert, effective May 16, 2025. The appointments expand the board to ten members, including nine independent directors. Both will serve on the Audit Committee.

Edwards, currently serving on boards of Azek Company, Olaplex, and Citi Trends, brings extensive expertise in corporate finance and retail operations from her previous roles as CFO at Citi Trends and L Brands divisions. Schoppert, currently Chair of The ODP Corporation's Board and DaVita Inc. board member, brings experience in finance, digital transformation, and governance from her executive career at Sleep Number Corporation.

These appointments align with Fossil's ongoing turnaround plan, focusing on building long-term shareholder value.

Fossil Group (FOSL) reported Q1 2025 financial results with net sales of $233.3 million, down 8.5% from the previous year. Despite sales decline, the company showed improvements with gross margin expanding 890 basis points to 61.3%. The quarter resulted in an operating loss of $6.7 million, though constant currency adjusted operating income was $10.3 million. Key highlights include: - Traditional watch sales increased 2% in constant currency - MICHAEL KORS brand grew 12% in constant currency - Total liquidity of $99.5 million with $78.3 million in cash - Inventory decreased 19% year-over-year to $182.1 million - Net loss of $17.6 million ($0.33 per share) The company maintains its 2025 guidance, expecting worldwide net sales decline in mid to high teens and adjusted operating income margin in negative low single digits.

Fossil Group (NASDAQ: FOSL) has scheduled its first quarter 2025 earnings release for Wednesday, May 14, 2025. The company will disclose its financial results after the market closes, followed by a conference call at 5:00 p.m. ET.

Investors and interested parties can access the live conference call through Fossil Group's investor relations website at www.fossilgroup.com/investors. For those unable to join the live discussion, the call recording will be archived on the same website for future reference.

Fossil Group (NASDAQ: FOSL) announced equity awards as inducement grants for three newly appointed executives. The company is granting restricted stock units (RSUs) to:

• Antonio Carriero (Chief Digital Information Officer and GM EMEA): 100,000 RSUs
• Joe Martin (Chief Commercial Officer): 129,581 RSUs
• Randy Greben (Chief Financial Officer): 150,000 RSUs

The RSUs, effective April 15, 2025, will vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent on continuous employment. These inducement awards were approved by the Compensation and Talent Management Committee on March 4, 2025, in compliance with Nasdaq Listing Rule 5635(c)(4), and were granted outside the company's equity incentive plan.