---
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"
generated_at: "2026-06-08T12:25:34.797625+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fossil Group Q3 2023 net sales down 21% to $344M; operating loss of $46M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000883569-23-000034
- JSON: https://secwatch.observer/filing/0000883569-23-000034.json
- Plain text: https://secwatch.observer/filing/0000883569-23-000034.txt

## Key facts
- Earnings Releases
  Fossil Group, Inc. reported financial results for the fiscal third quarter ended September 30, 2023.
  - Period: the fiscal third quarter ended September 30, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/883569/000088356923000034/0000883569-23-000034-index.htm

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