Here are the 10-Q quarterly reports from Fossil Group, Inc. 7% Senior Notes due 2026 (FOSLL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FOSLL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FOSLL filings page.
Fossil Group, Inc. reported first-quarter 2026 net sales of $224.8 million, down from $233.3 million a year earlier, as store rationalization, weaker leather and jewelry, and the exit from smartwatches weighed on revenue. Despite this, operating results improved, with operating income of $12.0 million versus a prior-year loss of $6.7 million, driven by lower restructuring costs and SG&A savings under its Turnaround Plan.
Gross margin slipped to 59.9% from 61.3%, reflecting higher tariffs and minimum royalty timing, partly offset by $4.0 million of IEEPA tariff refunds. After $8.5 million of interest expense on newly restructured debt and higher borrowing costs, Fossil posted a small net loss of $0.8 million, much narrower than the $17.6 million loss a year earlier.
Cash and cash equivalents were $81.4 million as of April 4, 2026, against long-term debt of $193.0 million and revolving credit facility borrowings of $33.0 million. Operating cash flow remained negative at $(21.8) million as the company continued to fund restructuring, interest and working capital needs while executing its multi-year Turnaround Plan focused on profitable growth, operating model optimization and debt reduction.