---
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"
generated_at: "2026-06-15T07:36:15.239502+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fossil Group Q1 net sales $325M (-14% YoY); operating loss widens to $37M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000883569-23-000013
- JSON: https://secwatch.observer/filing/0000883569-23-000013.json
- Plain text: https://secwatch.observer/filing/0000883569-23-000013.txt

## Key facts
- Earnings Releases
  Fossil Group, Inc. reported first quarter ended April 1, 2023 results: revenue $325 million. Guidance reaffirmed.
  - Period: first quarter ended April 1, 2023
  - Revenue: $325 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/883569/000088356923000013/0000883569-23-000013-index.htm

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