Quarterly ResultAug 12, 2026, 04:17 PM
Fossil Group Raises Full-Year Outlook; Q2 Net Sales $210M
AI Summary
Fossil Group, Inc. announced second quarter 2026 financial results, reporting worldwide net sales of $210 million, a 4.9% decrease year-over-year. Despite the sales decline, the company achieved significant gross margin expansion of 490 basis points to 62.4% and doubled its constant currency adjusted operating income to $9 million. Driven by performance ahead of expectations and ongoing business momentum, Fossil Group raised its full-year 2026 financial outlook, anticipating a return to top-line growth in the fourth quarter, improved profitability, and positive free cash flow generation.
Key Highlights
- Fossil Group raises full-year 2026 financial outlook.
- Q2 2026 worldwide net sales totaled $210 million, a 4.9% decrease.
- Q2 2026 gross margin expanded 490 basis points to 62.4%.
- Q2 2026 operating income was $3 million.
- Q2 2026 constant currency adjusted operating income was $9 million.
- Q2 2026 net loss totaled $10.6 million.
- Full-year 2026 sales expected to decline 3% to 5%, with Q4 growth.
- Full-year 2026 adjusted operating margin guided at 4% to 6%.
Price Impact
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