Quarterly ResultAug 12, 2026, 04:27 PM
Fossil Q2 Net Sales $209.7M; Raises FY26 Outlook
AI Summary
Fossil Group reported second-quarter 2026 financial results with net sales of $209.7 million, a 4.9% decrease year-over-year. Despite the sales decline, the company achieved a significant gross margin expansion of 490 basis points to 62.4% and constant currency adjusted operating income doubled to $8.6 million. The company also 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.
Key Highlights
- Q2 2026 net sales decreased 4.9% to $209.7 million.
- Gross margin expanded 490 basis points to 62.4% in Q2 2026.
- Constant currency adjusted operating income doubled to $8.6 million.
- Q2 2026 net loss was $(10.6) million, or $(0.18) per diluted share.
- Europe net sales decreased 18.2% in constant currency.
- Asia net sales increased 3.7% in constant currency.
- Full-year 2026 net sales expected to decline 3% to 5%.
- Full-year 2026 adjusted operating margin guided to 4% to 6%.
Price Impact
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