{"schema_version":"secwatch.filing_event.v1","accession":"0000883569-24-000020","form_type":"8-K","ticker":"FOSL","cik":"0000883569","company_name":"Fossil Group, Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.285563+00:00","generated_at":"2026-06-02T14:56:09.421863+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fossil Group Q1 net sales $255M, down 22%; operating loss narrows to $29M","bullets":["Net sales $255M, down 22% reported (21% constant currency); 5 pts impact from smartwatch exit and store optimization.","Gross margin expanded 300 bps to 52.4%; SG&A down 20% to $152M.","Operating loss $29M vs $37M YoY; adjusted operating loss $19M vs $25M.","Inventory down 33% to $224M; cash $113M; $57M US tax refund received post-quarter.","Maintains full year 2024 outlook; TAG Plan driving margin gains; strategic review ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0000883569-24-000020","json":"https://secwatch.observer/filing/0000883569-24-000020.json","markdown":"https://secwatch.observer/filing/0000883569-24-000020.md","text":"https://secwatch.observer/filing/0000883569-24-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883569/000088356924000020/0000883569-24-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883569/000088356924000020/fosl-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T14:56:09.421863+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":"6ed9def0cf2fde6ffdcbccd37821db63d010a775","claim":"Fossil Group, Inc. reported first quarter ended March 30, 2024 results: revenue decreased to $255 million.","evidence_excerpt":"Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended March 30, 2024. First Quarter Summary • First quarter worldwide net sales decreased to $255 million, down 22% on a reported basis and 21% in constant currency, reflecting five points of impact related to the Company’s strategic actions to exit the smartwatch category and optimize its retail store portfolio.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883569/000088356924000020/0000883569-24-000020-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 30, 2024"},{"label":"Revenue","value":"decreased to $255 million"},{"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"}