Quarterly ResultMay 14, 2026, 04:24 PM
Fossil Group Q1 Net Loss Narrows to $0.81M; Sales Down 3.7%
AI Summary
Fossil Group reported a significant reduction in its net loss for the first quarter of 2026, narrowing to $0.81 million from $17.58 million in the prior year, despite a 3.7% decrease in net sales to $224.76 million. The company also achieved a positive operating income of $12.05 million, a substantial improvement from an operating loss of $6.75 million in the previous year, largely due to an 87% reduction in restructuring expenses. Cash and cash equivalents decreased to $81.38 million, while long-term debt increased to $193.02 million.
Key Highlights
- Net loss attributable to Fossil Group, Inc. narrowed by 95.4% to $(0.81) million.
- Diluted EPS improved to $(0.01) from $(0.33) in the prior year.
- Net sales decreased by 3.7% to $224.76 million (13 weeks vs 14 weeks).
- Operating income swung to a profit of $12.05 million from a $(6.75) million loss.
- Restructuring expenses decreased by 87.2% to $2.03 million.
- Cash and cash equivalents stood at $81.38 million as of April 4, 2026.
- Long-term debt increased to $193.02 million as of April 4, 2026.
- Traditional watches sales were $188.73 million, representing 84% of total net sales.
Price Impact
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