{"schema_version":"secwatch.filing_event.v1","accession":"0000883569-23-000003","form_type":"8-K","ticker":"FOSL","cik":"0000883569","company_name":"Fossil Group, Inc.","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.377676+00:00","generated_at":"2026-06-19T12:42:42.146292+00:00","sec_items":["2.02","7.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Fossil Group expects FY2022 sales ~$1.7B (-10% YoY); adj. operating margin ~0.4% vs prior 2-3% guidance","bullets":["FY2022 net sales expected ~$1.7B, down ~10% reported (-5% constant currency) from prior year; prior guidance was 7-10% decline.","Full year adjusted operating margin expected ~0.4%, sharply below prior guidance of 2-3%.","Company launches 'Transform and Grow' restructuring plan to achieve at least $100M in annualized benefits by end of 2024.","Workforce to be reduced ~8% in 2023; estimated $25-30M in charges for fiscal 2023, ~$10M in Q1.","Q4 and full year results to be reported after market close on March 8, 2023, with conference call at 5:00 pm ET."],"urls":{"canonical":"https://secwatch.observer/filing/0000883569-23-000003","json":"https://secwatch.observer/filing/0000883569-23-000003.json","markdown":"https://secwatch.observer/filing/0000883569-23-000003.md","text":"https://secwatch.observer/filing/0000883569-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000003/0000883569-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000003/fosl-20230215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T12:42:42.146292+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf3bcd2653ba43187b1ba0cbb9a3367805bfaba8","claim":"Fossil Group, Inc. reported fiscal 2022 results: revenue approximately $1.7 billion. Guidance lowered.","evidence_excerpt":"Fossil Group, Inc. (the “Company”) reports that 2022 worldwide net sales are expected to be approximately $1.7 billion, representing a decrease of approximately 10% on a reported basis and 5% on a constant currency basis compared to full year 2021. The previous guidance range was a sales decline of 7% to 10% on a reported basis. Full year adjusted operating margin is expected to be approximately 0.4% compared to previous guidance of 2% to 3%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000003/0000883569-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2022"},{"label":"Revenue","value":"approximately $1.7 billion"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}