Fossil Group Q4 net sales down 19% to $342M; appoints Randy Greben as CFO, outlines turnaround

Fossil Group, Inc.

Q4 net sales $342M (-19% YoY); adjusted operating income $20.1M; diluted EPS -$0.14, adjusted EPS $0.39.
Inventory fell 29.4% to $178.6M; Q4 free cash flow $30M; total liquidity $177M.
Turnaround plan: ~$100M SG&A savings in 2025, closure of ~50 stores, distributor model in select markets.
2027 targets: net sales >$800M, mid-single-digit adj. operating margin, positive free cash flow.
Randy Greben appointed CFO (eff. Mar 17); $575K base salary, 75% target bonus, 150K RSU inducement award.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Randy Greben

Chief Financial Officer

FOSL · Fossil Group, Inc.

Effective: 2025-03-17
Filed: March 12, 2025, 7:59 PM ET

On March 7, 2025, the Board of Directors (the “Board”) of the Company has appointed Randy Greben to serve as Chief Financial Officer of the Company, effective as of March 17, 2025.

Departed (interim)

Andy Skobe

Interim Chief Financial Officer

FOSL · Fossil Group, Inc.

Effective: 2025-03-17
Successor: Randy Greben
Filed: March 12, 2025, 7:59 PM ET

Mr. Greben is assuming the role of Chief Financial Officer from Andy Skobe, who was serving as Interim Chief Financial Officer pursuant to an agreement with Ankura Consulting Group, LLC.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Randy Greben was appointed as Chief Financial Officer at Fossil Group, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On March 7, 2025, the Board of Directors (the “Board”) of the Company has appointed Randy Greben to serve as Chief Financial Officer of the Company, effective as of March 17, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Andy Skobe departed as Interim Chief Financial Officer at Fossil Group, Inc..

Role: Interim Chief Financial Officer

Exact text from the filing

Mr. Greben is assuming the role of Chief Financial Officer from Andy Skobe, who was serving as Interim Chief Financial Officer pursuant to an agreement with Ankura Consulting Group, LLC.

View on SEC.gov

Fossil Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-022975

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