secwatch.observer — SEC 8-K summary
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Issuer:     Fossil Group, Inc. (FOSL)
CIK:        0000883569
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000883569-24-000065
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fossil Q2 net sales $260M (-19% YoY); gross margin expands 390 bps to 52.6%
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- Operating loss of $34M vs. $35M a year ago; adjusted operating loss narrowed to $17M from $28M.
- SG&A expenses down 18% to $154M on lower compensation from TAG Plan efficiencies.
- Inventory down 38% YoY to $202M; total liquidity of $156M including $105M cash.
- TAG Plan drives gross margin improvement and cost reduction; full-year 2024 outlook maintained.
- Company conducting strategic review of business model and capital structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883569/000088356924000065/0000883569-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883569/000088356924000065/fosl-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000883569-24-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer