{"schema_version":"secwatch.filing_event.v1","accession":"0000883569-23-000013","form_type":"8-K","ticker":"FOSL","cik":"0000883569","company_name":"Fossil Group, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.589840+00:00","generated_at":"2026-06-15T07:36:15.239502+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fossil Group Q1 net sales $325M (-14% YoY); operating loss widens to $37M","bullets":["Net sales $325M, down 14% reported and 11% constant currency; wholesale down 20%.","Operating loss of $37M vs $14M loss a year ago; adjusted operating loss $25M.","Direct-to-consumer net sales up 8% constant currency; comparable retail sales +13%.","Extended Diesel license through 2027 and Armani license through 2026.","Inventory down 13% to $337M; cash $127M; FY2023 outlook maintained."],"urls":{"canonical":"https://secwatch.observer/filing/0000883569-23-000013","json":"https://secwatch.observer/filing/0000883569-23-000013.json","markdown":"https://secwatch.observer/filing/0000883569-23-000013.md","text":"https://secwatch.observer/filing/0000883569-23-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000013/0000883569-23-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000013/fosl-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:36:15.239502+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":"24218ca10dbc431b303763cfd70d2038ad2f9ae0","claim":"Fossil Group, Inc. reported first quarter ended April 1, 2023 results: revenue $325 million. Guidance reaffirmed.","evidence_excerpt":"Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended April 1, 2023. First Quarter Summary • First quarter worldwide net sales decreased to $325 million, down 14% on a reported basis and 11% in constant currency, with declines in all three regions. • Direct to consumer net sales up 8% in constant currency, with comparable retail","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000013/0000883569-23-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 1, 2023"},{"label":"Revenue","value":"$325 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}