Fossil Q1 net sales $233M; gross margin expands 890bps to 61.3%

Fossil Group, Inc.

2025-Q1 EPS reported -$0.33 revenue$233,293,000

Operating loss of $7M; constant currency adjusted operating income of $10M (4.3% margin).
Total liquidity of $100M; company reiterates full-year 2025 guidance.
CEO cites turnaround traction, limited tariff exposure, and mitigation strategies.
Second consecutive quarter of positive adjusted operating profit.

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