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Fossil Group (FOSL)
NASDAQ:FOSL
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.54Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -11.81%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
Fossil Group showed significant positive performance in terms of profitability and strategic planning with initiatives that improved gross margins and operational income. However, challenges such as a decline in sales, increased inventory levels, and planned store closures indicate ongoing difficulties that need addressing.Company Guidance
During the Fossil Group's fourth-quarter and full-year 2024 earnings call, the company provided guidance on several key metrics and strategic initiatives aimed at driving future growth. Fossil reported fourth-quarter net sales of $342 million, a decline of 18% in constant currency, attributed in part to a strategic exit from the smartwatch segment and store closures. The company achieved a gross margin expansion of 630 basis points to 53.9%, with an adjusted operating income of $20 million, resulting in a 6% adjusted operating margin. Looking ahead to 2025, Fossil expects a mid-to-high teens sales decline, impacted by approximately $45 million due to store closures and reduced promotional activities. The company outlined plans to achieve $100 million in SG&A savings through workforce reductions, store closures, and transitioning international markets to a distributor model. Fossil targets a return to profitability by 2026, with a mid-single-digit adjusted operating margin and positive free cash flow anticipated by 2027 on net sales exceeding $800 million.Exceeded Earnings Guidance
Fossil Group concluded the year with fourth-quarter results that exceeded their top and bottom-line guidance.
Gross Margin Expansion
Gross margin expanded by 630 basis points to 53.9% in Q4 2024 compared to the prior year, with a further improvement of 850 basis points excluding restructuring charges.
Positive Adjusted Operating Income
Fossil Group achieved adjusted operating income profitability in Q4, delivering an adjusted operating margin of 6%.
New Strategic Initiatives
Introduced a turnaround plan focused on refocusing on core products, right-sizing the cost structure, and strengthening the balance sheet.
Celebrity Campaign
Launched a new omnichannel campaign featuring celebrity ambassador Nick Jonas to strengthen brand visibility.
Improved U.S. Wholesale Performance
The U.S. wholesale channel showed improvement with healthy inventory positions entering 2025.
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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
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FOSL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $1.27 | $1.64 | +29.13% |
| Nov 07, 2024 | $1.27 | $1.16 | -8.66% |
| Aug 08, 2024 | $1.14 | $1.11 | -2.63% |
| May 08, 2024 | $0.97 | $0.92 | -5.15% |
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.
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FAQ
When does Fossil Group (FOSL) report earnings?
Fossil Group (FOSL) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Fossil Group (FOSL) earnings time?
Fossil Group (FOSL) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FOSL EPS forecast?
Currently, no data Available
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