{"schema_version":"secwatch.filing_event.v1","accession":"0000883569-23-000034","form_type":"8-K","ticker":"FOSL","cik":"0000883569","company_name":"Fossil Group, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.238697+00:00","generated_at":"2026-06-08T12:25:34.797625+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Fossil Group Q3 2023 net sales down 21% to $344M; operating loss of $46M","bullets":["Net sales $344M, down 21% YoY; direct-to-consumer channels down 12%, wholesale down 25%.","Operating loss of $46M vs operating income of $22M a year ago; adjusted operating loss of $31M.","Inventory $327M, down 28% YoY; total liquidity $140M at quarter end.","FOSSIL brand sales declined 14% in constant currency, with smartwatches and leathers down more.","On track for ~$100M annualized cost savings in 2023 under TAG Plan; targeting $300M by 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000883569-23-000034","json":"https://secwatch.observer/filing/0000883569-23-000034.json","markdown":"https://secwatch.observer/filing/0000883569-23-000034.md","text":"https://secwatch.observer/filing/0000883569-23-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000034/0000883569-23-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000034/fosl-20231108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T12:25:34.797625+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":"36858be2f3d8f46f01401912ef1439f63b8498fb","claim":"Fossil Group, Inc. reported financial results for the fiscal third quarter ended September 30, 2023.","evidence_excerpt":"On November 8, 2023, Fossil Group, Inc. (the “Company”) issued a press release announcing financial results for the fiscal quarter ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883569/000088356923000034/0000883569-23-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal third quarter ended September 30, 2023"},{"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"}