Fossil leans on layoffs, more store closures to cut costs [Yahoo! Finance]
Fossil Group, Inc. (FOSL)
Last fossil group, inc. earnings: 11/6 04:03 pm
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US:NASDAQ Investor Relations:
fossilgroup.com/investors
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Source: Yahoo! Finance
Dive Brief: Over the holiday quarter Fossil Group stemmed losses, even as Q4 net sales plunged nearly 19% year over year to $342.3 million, with sales declines in all regions and channels . Net loss shrank by 73% to $7.6 million and gross margin expanded by 630 basis points to 53.9%. Quitting the smartwatch category and closing stores hit sales by 600 basis points. This year the accessories company expects to save about $100 million in selling, general and administrative expenses through February layoffs, a shift to a distributor model in some markets abroad and the closure of about 50 more stores. The company, in the midst of a turnaround including a strategic review of its business model and capital structure, also announced the hire of former Casper Chief Financial and Operating Officer Randy Greben as CFO , effective Monday. He replaces Andrew Skobe, who has been in the role on an interim basis. Dive Insight: Fossil is the latest brand to pull back on DTC in a quest for
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FOSL
News
- Fossil gains as CEO Franco Fogliato buys 200,000 company shares [Seeking Alpha]Seeking Alpha
- Fossil Group: Operational Progress Masked By Royalty Payment Obligations, Strong Buy [Seeking Alpha]Seeking Alpha
- Fossil Group Inc (FOSL) Q3 2025 Earnings Call Highlights: Strategic Debt Restructuring and ... [Yahoo! Finance]Yahoo! Finance
- Fossil Group, Inc. (FOSL) Q3 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Fossil Announces Grant of Sanction OrderGlobeNewswire
FOSL
Sec Filings
- 12/22/25 - Form 4
- 12/22/25 - Form 4
- 12/22/25 - Form 4
- FOSL's page on the SEC website