---
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"
generated_at: "2026-06-19T12:42:42.146292+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fossil Group expects FY2022 sales ~$1.7B (-10% YoY); adj. operating margin ~0.4% vs prior 2-3% guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000883569-23-000003
- JSON: https://secwatch.observer/filing/0000883569-23-000003.json
- Plain text: https://secwatch.observer/filing/0000883569-23-000003.txt

## Key facts
- Earnings Releases
  Fossil Group, Inc. reported fiscal 2022 results: revenue approximately $1.7 billion. Guidance lowered.
  - Period: fiscal 2022
  - Revenue: approximately $1.7 billion
  - Guidance: lowered
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/883569/000088356923000003/0000883569-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.