Fossil Group, Inc. (FOSL)
NASDAQ:FOSL
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.22Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational progress: healthy gross margins (59.7%), expense discipline (SG&A down 13%), improved cash/working capital (cash $81M, inventory down 14%, cash from ops >50% improved) and meaningful product and wholesale momentum (mid-single digit wholesale growth, traditional watches up high-single digits, successful Big Tic and brand collaborations). However, near-term revenue remains pressured (Q1 net sales down 6%; FY guide -4% to -6%), and there are ongoing headwinds from tariffs and royalty true-ups. Management reiterated guidance and emphasized a conservative, second-half-weighted recovery with a targeted return to growth in Q4 and breakeven free cash flow for the year. On balance, the call emphasized stronger profitability and execution momentum that outweighs the revenue headwinds and one-time/regulatory drags.Company Guidance
Healthy Gross Margin and Positive Operating Profit
Q1 gross margin of 59.7% (down 160 bps YoY) remained strong and reflected premium/full-price selling; adjusted operating income was $10 million versus $9 million a year ago, demonstrating continued profitability from the turnaround efforts.
Wholesale and Traditional Watch Strength
Wholesale grew mid-single digits in Q1, with core traditional watch sales up high-single digits in the wholesale channel — marking a notable return to growth in the traditional watch category and improved AUR (average unit retail).
Disciplined Expense Control
SG&A dollars were reduced by 13% year-over-year, exceeding the sales decline and delivering expense leverage; restructuring costs fell to $2 million in Q1 2026 from $16 million a year ago.
Improved Cash and Working Capital Dynamics
Quarter-end cash and equivalents of $81 million with $28 million revolver availability; inventory down 14% YoY to $156 million; cash used in operations reduced by over 50% YoY — signaling stronger working capital management.
Product & Brand Momentum (Big Tic, Collaborations, Campaigns)
Successful creative activations including the Big Tic relaunch (strong press, sell-through and social engagement with Gen Z/millennial audiences), Big Tic World Flags launch, Star Wars Mandalorian + Grogu collection release (May 4), and planned Marvel collaboration in Q3; Mother's Day campaign drove attention to core icons.
India Execution and Expansion
India added more than 70 new wholesale doors in Q1, implemented a new e-commerce platform and CRM integration, increased full-price mix and higher AUR — described as one of the company's strongest, vertically integrated markets.
Operating Model Simplification & AI Readiness
Continued simplification and IT rationalization (analytics platform consolidation) reduced costs and established data architecture for Agentic AI; signed agreement to move South Africa to a distributor model to lower operating expenses and improve gross profit flow-through.
One-Time Tariff Refund Benefit Recognized
Recognized a $5.9 million tariff refund claim in Q1: $4.0 million reduced cost of goods sold, $0.9 million reduced SG&A, and ~$1.0 million reduced inventory — providing a near-term benefit to margins (largely tied to 2025 costs).
FOSL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FOSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $4.10 | $4.35 | +6.10% |
Mar 11, 2026 | $4.12 | $4.80 | +16.50% |
Nov 13, 2025 | $2.10 | $1.91 | -9.29% |
Aug 13, 2025 | $1.81 | $2.35 | +29.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fossil Group, Inc. (FOSL) report earnings?
Fossil Group, Inc. (FOSL) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Fossil Group, Inc. (FOSL) earnings time?
Fossil Group, Inc. (FOSL) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FOSL EPS forecast?
FOSL EPS forecast for the fiscal quarter 2026 (Q2) is -0.22.