---
schema_version: "secwatch.filing_event.v1"
accession: "0000883569-23-000006"
form_type: "8-K"
ticker: "FOSL"
cik: "0000883569"
company_name: "Fossil Group, Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T09:08:37.358624+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fossil Group Q4 net sales down 17% to $499M; full year operating loss $1M vs $93M profit year ago

## Summary
- Q4 net sales $499M (-17% reported, -12% constant currency); declines across all regions.
- Full year net sales $1,682M (-10% reported, -5% CC); wholesale down 11% CC, DTC up 5% CC.
- Full year operating loss $1M vs operating income $93M prior year; adjusted operating income $7M (0.4% of sales) vs $124M (6.6%).
- Diluted loss per share $0.85 (adjusted loss $0.71) vs diluted EPS $0.48 (adjusted $1.12) prior year.
- Cash and cash equivalents $199M as of Dec 31, 2022; company outlines 'Transform and Grow Plan' amid headwinds.

## SEC filing metadata
- accession: 0000883569-23-000006
- form_type: 8-K
- ticker: FOSL
- cik: 0000883569
- company_name: Fossil Group, Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883569/000088356923000006/0000883569-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883569/000088356923000006/fosl-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000883569-23-000006
- JSON: https://secwatch.observer/filing/0000883569-23-000006.json
- Plain text: https://secwatch.observer/filing/0000883569-23-000006.txt

## Key facts
- Earnings Releases
  Fossil Group, Inc. reported the fiscal quarter and year ended December 31, 2022 results: revenue $499 million, EPS $0.85. Guidance initiated.
  - Period: the fiscal quarter and year ended December 31, 2022
  - Revenue: $499 million
  - EPS: $0.85
  - Guidance: initiated
  - Result: reported results
  source text: financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter and Full Year Summary • Fourth quarter worldwide net sales decreased to $499 million, down 17% on a reported basis and 12% in constant currency with sales declines across all regions. Growth in the Company’s direct to consumer channel was offset by declines in
  evidence_url: https://www.sec.gov/Archives/edgar/data/883569/000088356923000006/0000883569-23-000006-index.htm

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