Fossil Q3 net sales $436M, down 11% YoY; operating income $22M vs $48M

Fossil Group, Inc.

2022-Q3 EPS reported -$0.67 revenue$1,183,292,000

Worldwide net sales $436M, down 11% reported and 5% constant currency; Americas and Asia declined, Europe flat in constant currency.
Operating income $22M vs $48M a year ago; adjusted operating income $23M vs $54M.
Direct-to-consumer net sales up 5% constant currency, driven by retail stores and owned websites.
FOSSIL brand sales down 2% constant currency, as growth in leathers and traditional watches was offset by smartwatch declines.
Cash and equivalents $163M; company provides updated full-year 2022 outlook citing persistent macro headwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fossil Group, Inc. reported the third quarter ended October 1, 2022 results: revenue $436 million.

Period: the third quarter ended October 1, 2022
Revenue: $436 million
Result: reported results

Exact text from the filing

Group, Inc. (NASDAQ: FOSL) today announced financial results for the third quarter ended October 1, 2022. Third Quarter Summary • Third quarter worldwide net sales totaled $436 million, decreasing 11% on a reported basis and 5% in constant currency. From a regional lens, Americas and Asia sales declined while Europe was flat on a constant currency basis. •

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Fossil Group, Inc. filing history →

Source: SEC EDGAR

accession 0000883569-22-000032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.