---
schema_version: "secwatch.filing_event.v1"
accession: "0000883569-24-000077"
form_type: "8-K"
ticker: "FOSL"
cik: "0000883569"
company_name: "Fossil Group, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T04:10:24.345220+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fossil Q3 net sales $288M (-16% YoY); operating loss narrows to $24M

## Summary
- Q3 net sales $288M, down 16% reported and constant currency; six points of negative impact from smartwatch exit and store optimization.
- Gross margin expanded 240 bps to 49.4%; SG&A down 16% to $161M reflecting TAG Plan efficiencies.
- Operating loss improved to $24M from $46M last year; adjusted operating loss $19M vs $31M.
- Inventory down 31% to $226M; total liquidity $130M ($106M cash + $24M revolver).
- On track for at least $100M annualized savings in 2024 under TAG Plan; full year outlook updated (no specific guidance provided).

## SEC filing metadata
- accession: 0000883569-24-000077
- form_type: 8-K
- ticker: FOSL
- cik: 0000883569
- company_name: Fossil Group, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883569/000088356924000077/0000883569-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883569/000088356924000077/fosl-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000883569-24-000077
- JSON: https://secwatch.observer/filing/0000883569-24-000077.json
- Plain text: https://secwatch.observer/filing/0000883569-24-000077.txt

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