Quarterly ResultAug 13, 2026, 04:26 PM
Fossil Group Q2 Net Sales $209.7M, Net Loss $(10.6)M
AI Summary
Fossil Group reported a net loss of $(10.6) million on net sales of $209.7 million for the 13 weeks ended July 4, 2026, compared to a net loss of $(2.1) million on net sales of $220.4 million in the prior year quarter. For the 26-week period, the company posted a net loss of $(11.3) million, an improvement from $(19.9) million in the prior year, despite a decrease in net sales to $434.4 million. The company also noted a decrease in cash and cash equivalents and an increase in long-term debt.
Key Highlights
- Net sales for the 13 weeks ended July 4, 2026, decreased to $209.7 million from $220.4 million.
- Net loss for the 13 weeks ended July 4, 2026, widened to $(10.6) million from $(2.1) million.
- Diluted EPS for the 13 weeks ended July 4, 2026, was $(0.18) compared to $(0.04) in prior year.
- Operating income for the 26 weeks ended July 4, 2026, increased to $15.2 million from $1.7 million.
- Net cash used in operating activities for 26 weeks improved to $(31.0) million from $(50.9) million.
- Cash and cash equivalents decreased to $78.95 million as of July 4, 2026, from $95.84 million.
- Long-term debt increased to $203.0 million as of July 4, 2026, from $173.8 million.
- Europe segment net sales for 13 weeks decreased to $55.8 million from $67.2 million.
Price Impact
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