secwatch.observer — SEC 8-K summary
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Issuer:     Fossil Group, Inc. (FOSL)
CIK:        0000883569
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0000883569-22-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fossil Q2 net sales $371M down 10%; operating loss $11M vs prior year profit
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- Net sales $371M, down 10% reported (5% constant currency); operating loss $11M vs income $14M a year ago.
- Adjusted operating loss $8M vs adjusted operating income $21M; cash and equivalents $167M.
- FOSSIL brand sales +7% constant currency; traditional watches, jewelry, leathers up double-digit; smartwatches down.
- Direct-to-consumer +5% constant currency; store sales up 26% partially offset by e-commerce decline.
- Updated full year 2022 outlook citing softening consumer demand, inflation, and China restrictions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883569/000088356922000026/0000883569-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883569/000088356922000026/fosl-20220810.htm
  HTML page:      https://secwatch.observer/filing/0000883569-22-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer