Fossil Group, Inc.FOSL
What Fossil Group, Inc. does.
We are a design, innovation and distribution company specializing in consumer fashion accessories. Our products include watches, jewelry, handbags, small leather goods, belts and sunglasses. We design, develop, market and distribute products under our owned brands FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, EMPORIO ARMANI, MICHAEL KORS, SKECHERS and TORY BURCH. Based on our range of accessory products, brands, distribution channels and price points, we are able to target style-conscious consumers across a wide age spectrum on a global basis.
In September 2024, we appointed Franco Fogliato as Chief Executive Officer and a member of the Company's Board of Directors (the "Board") and moved quickly to implement change and create a plan to return the Company to profitable growth (the "Turnaround Plan"). Our Turnaround Plan was centered on three key areas: (i) refocusing on our core, (ii) rightsizing our cost structure, and (iii) strengthening our balance sheet. The first key area, refocusing on our core, included workstreams such as:
The second key area of our Turnaround Plan, rightsizing our cost structure, was focused on aligning our cost structure to our newly defined strategy. In fiscal 2025, we achieved selling, general and administrative ("SG&A") cost savings of approximately $100 million , as compared to fiscal 2024, through initiatives including a corporate workforce reduction, a reduction in costs as a result of our transition in certain smaller international markets to a distributor model, and the closing of 49 underperforming retail stores.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | $1.7B | $1.4B | $1.1B | $1.0B |
| Net income | -$96.1M | $25.4M | -$44.2M | -$157.1M | -$102.7M | -$78.3M |
| Free cash flow | $92.5M | $39.7M | -$124.1M | -$68.0M | $39.9M | -$60.5M |
More on FOSL.
- Fossil Group, Inc. summary
- Fossil Group, Inc. financial statements
- Fossil Group, Inc. key metrics
- Fossil Group, Inc. health scores and style box
- Fossil Group, Inc. earnings
- Fossil Group, Inc. dividends
- Fossil Group, Inc. valuation
- Fossil Group, Inc. ownership and insiders
- Fossil Group, Inc. peers
Figures from Fossil Group, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.