Welcome to our dedicated page for Fossil Group news (Ticker: FOSL), a resource for investors and traders seeking the latest updates and insights on Fossil Group stock.
Fossil Group, Inc. (NASDAQ: FOSL) generates a steady flow of news as a global design, marketing and distribution company focused on consumer fashion accessories. This news page aggregates coverage of Fossil Group’s public announcements, including its financial updates, restructuring developments and corporate actions related to its watch, jewelry, handbag, small leather goods, belt and sunglasses businesses.
Investors and followers of FOSL can use this feed to track quarterly earnings releases and operating updates. For example, the company’s third quarter 2025 press release discusses worldwide net sales, operating results by region and channel, gross margin, operating expenses and adjusted measures such as constant currency operating loss and adjusted EBITDA. These disclosures also highlight trends in major product categories and brands within the Fossil Group portfolio.
Fossil Group’s news flow also covers its capital structure and restructuring activities. Recent press releases and related Form 8‑K filings describe a restructuring plan for its 7.00% Senior Notes due 2026 under UK law, the approval of that plan by noteholders and the High Court of Justice of England and Wales, and the subsequent cancellation of the notes and issuance of new secured senior notes due 2029. Additional announcements address extensions of an exchange offer and rights offering, court hearings, and recognition of the restructuring plan in the United States.
Beyond earnings and debt transactions, Fossil Group issues news about governance and shareholder matters, such as the timing of its annual meeting, proxy materials and the ratification of its independent registered public accounting firm, as outlined in its definitive proxy statement. The company also announces the timing of earnings conference calls and the availability of registration statements related to its financing activities.
By reviewing this news page regularly, readers can follow how Fossil Group communicates about its financial performance, restructuring progress, brand‑led operating model and key risks and uncertainties referenced in its SEC filings. The page provides a centralized view of FOSL‑related press releases and regulatory news for those monitoring the company’s ongoing turnaround and operations in the fashion accessories sector.
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.
Fossil Group (NASDAQ: FOSL) has appointed Randy Greben as Chief Financial Officer, effective March 17, replacing Interim CFO Andrew Skobe. Greben will lead the company's global financial strategy, focusing on financial turnaround and business transformation.
Greben brings over 20 years of financial leadership experience, most recently serving as CFO and COO at Casper Sleep, where he strengthened the balance sheet and reduced costs. His previous roles include CFO positions at Blue Apron, ANN Inc., and Quidsi (an Amazon subsidiary).
The appointment aligns with Fossil's commitment to building its leadership team for long-term profitable growth, with CEO Franco Fogliato highlighting Greben's expertise as a proven leader and change agent in driving value creation for stakeholders.
Fossil Group (NASDAQ: FOSL) reported Q4 2024 financial results with worldwide net sales of $342 million, down 19% year-over-year. The company's Q4 gross margin expanded 630 basis points to 53.9%, while posting an operating loss of $16.3 million. Adjusted operating income was $20.1 million with adjusted income per share of $0.39.
The company announced a comprehensive turnaround plan focusing on three pillars: refocusing on core business, rightsizing cost structure, and strengthening the balance sheet. For 2025, FOSL expects to achieve SG&A savings of approximately $100 million through corporate workforce reduction, transitioning select markets to distributor model, and closing about 50 retail stores.
Key financial metrics for Q4 2024:
- Inventory decreased 29.4% to $178.6 million
- Generated $30 million in free cash flow
- Total liquidity of $177 million
- Traditional watch sales declined 10%
For 2025, FOSL projects worldwide net sales decline in mid to high teens range, with adjusted operating income margin in negative low single digits.
Fossil Group (NASDAQ: FOSL) has scheduled its fourth quarter and full year 2024 financial results announcement for Wednesday, March 12, 2025, after market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss the results. Investors can access the live call through Fossil's investor relations website, where a replay will also be available.
Fossil Group (NASDAQ: FOSL) has announced the extension of its partnership with Michael Kors through 2027. Under this agreement, Fossil will continue to design and produce watches and jewelry for Michael Kors, maintaining their distribution across global networks. The partnership, which has lasted over 20 years, represents one of Fossil's most valued licensed relationships.
Franco Fogliato, CEO of Fossil Group, expressed honor in maintaining the trusted partnership, while John D. Idol, Chairman and CEO of Capri Holdings and CEO of Michael Kors, affirmed satisfaction with the continued collaboration.
Fossil Group (NASDAQ: FOSL) has announced two key executive appointments to drive its business turnaround strategy. Joe Martin will join as Chief Commercial Officer on February 17, bringing extensive experience from Adidas where he served as Senior Vice President and led significant turnaround efforts. Martin will oversee all global revenue-generating activities.
Antonio Carriero will assume the role of Chief Digital Information Officer and General Manager EMEA effective February 12. Carriero, with previous experience at Salomon and Breitling SA, will lead the company's global technology strategy, operations, cybersecurity, and EMEA commercial business.
These appointments align with Fossil's commitment to returning to profitable growth and creating long-term shareholder value through strengthened leadership in commercial operations and digital transformation.
Fossil Group (FOSL) reported Q3 2024 financial results with worldwide net sales decreasing 16% to $288 million. Gross margins expanded 240 basis points to 49.4%, while operating loss improved to $24 million from $46 million last year. The company reduced inventory by 31% year-over-year to $226 million and maintained total liquidity of $130 million. Under the Transform and Grow (TAG) Plan, FOSL remains on track to achieve at least $100 million in annualized savings for 2024. The company revised its 2024 outlook, expecting worldwide net sales of approximately $1.1 billion and adjusted operating margin between -6% to -8%.
Fossil Group (NASDAQ: FOSL) has scheduled its third quarter 2024 earnings release for Thursday, November 7, 2024, after market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss the results. Investors can access the call live through the company's investor relations website, where it will also be archived for future reference.