Highest-materiality recent filing
Fossil Q1 net sales $225M, op income $12M, reiterates FY outlook
Net sales of $225M; gross margin 59.9%.
Fossil Group reports FY 2025 net sales $1B, gross margin up 390 bps; raises long-term targets
Full year net sales of $1.0B; gross margin expanded 390 bps to 56.1%.
Fossil Group Q3 net sales $270M, operating loss $22M; completes balance sheet refinancing
Q3 2025 net sales of $270 million with an operating loss of $22 million (margin -8%).
Fossil Group enters $50M at-the-market equity agreement with Maxim Group LLC
ATM program allows sale of up to $50M of common stock through Maxim as sales agent.
Fossil Group completes debt restructuring; $150M old notes cancelled, new notes and warrants issued
All $150M outstanding 7.00% Senior Notes due 2026 cancelled; replaced with 9.500% First-Out Notes due 2029 and 7.500% Second-Out Notes due 2029.
US Bankruptcy Court granted Chapter 15 recognition order on Nov 12, 2025, for the UK restructuring plan under Part 26A of the UK Companies Act 2006.
High Court of Justice of England and Wales sanctioned restructuring plan under Part 26A of UK Companies Act 2006 for Fossil's 7.00% Senior Notes due 2026.
Fossil's $150M note restructuring plan approved by 99.99% of creditors; court hearing Nov 10
Restructuring plan for $150M 7.00% Senior Notes due 2026 approved under UK Part 26A.
Plan Meeting for $150M 7% Senior Notes due 2026 set for Nov 6, 2025; evidence filed Nov 7.
Only 82.67% ($124.0M) of $150M 7.00% Senior Notes due 2026 tendered; 90% condition not met.
Fossil extends note exchange to Oct 22; UK court approves plan meeting; no Indian IPO
Exchange offer, consent solicitation, and rights offering extended to 5pm NY time Oct 22; 75.37% ($113M) of $150M notes tendered as of Oct 15.
Fossil extends exchange offer expiration to Oct 15; 71.95% of $150M notes tendered
Exchange offer for 7.00% Senior Notes due 2026 extended to 5pm NY time on Oct 15, 2025.
Fossil Group registration statements for debt exchange and rights offering declared effective
SEC declared effective registration statements for offer to exchange 7.00% Senior Notes due 2026 and concurrent rights offering.
Fossil commences exchange offer and rights offering for its 7% Senior Notes due 2026
Exchange any/all 7.00% Senior Notes due 2026 for 9.500% First-Out or 7.500% Second-Out Secured Notes due 2029, plus warrants.
New $150M asset-based revolver with Ares Management, matures Aug 13, 2030, at SOFR+500bps.
Fossil Q2 net sales $220M, operating income $8M, raises FY2025 guidance
Net sales of $220M; gross margin expanded 490bps to 57.5%.
Fossil Group exchanges 2.5M common shares for pre-funded warrants at $0.01 exercise price
Fossil entered securities exchange agreement: 2,500,000 common shares surrendered for equal number of pre-funded warrants at $0.01/share exercise price.
Fossil Q1 net sales $233M; gross margin expands 890bps to 61.3%
Operating loss of $7M; constant currency adjusted operating income of $10M (4.3% margin).
Fossil Group Q4 net sales down 19% to $342M; appoints Randy Greben as CFO, outlines turnaround
Q4 net sales $342M (-19% YoY); adjusted operating income $20.1M; diluted EPS -$0.14, adjusted EPS $0.39.
Fossil Q3 net sales $288M (-16% YoY); operating loss narrows to $24M
Q3 net sales $288M, down 16% reported and constant currency; six points of negative impact from smartwatch exit and store optimization.
Fossil appoints Franco Fogliato as CEO; Jeffrey Boyer returns to COO
Franco Fogliato named CEO and Board member effective September 18, 2024.
Fossil Q2 net sales $260M (-19% YoY); gross margin expands 390 bps to 52.6%
Operating loss of $34M vs. $35M a year ago; adjusted operating loss narrowed to $17M from $28M.
Fossil Group CFO Sunil Doshi resigns; Andy Skobe named Interim CFO via Ankura
CFO Sunil Doshi to resign effective July 19, 2024; no disagreement with company.
Fossil Group Q1 net sales $255M, down 22%; operating loss narrows to $29M
Net sales $255M, down 22% reported (21% constant currency); 5 pts impact from smartwatch exit and store optimization.
On May 14, 2025, the Company announced that Pamela Edwards and Wendy Schoppert have been appointed to the Board of Directors (the “Board”), effective May 16, 2025.
On May 14, 2025, the Company announced that Pamela Edwards and Wendy Schoppert have been appointed to the Board of Directors (the “Board”), effective May 16, 2025.
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.
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.
On January 10, 2025, Fossil Group, Inc. (the “Company”) informed Jeffrey N. Boyer, Chief Operating Officer, that his position with the Company was being eliminated in connection with the Company’s ongoing Transform and Grow strategy.
Jeffrey N. Boyer is stepping down from his position as Interim Chief Executive Officer and a member of the Board of Directors (the “Board”), effective September 18, 2024. Mr. Boyer’s departure as a member of the Board was not the result of any disagreement with the Company on any matter relating to the Company’s financial statements, internal controls, operations, policies, or practices. Effective September 18, 2024, Mr. Boyer has been appointed as the Company’s Chief Operating Officer.
the Board has appointed Franco Fogliato as Chief Executive Officer (“CEO”) and as a member of the Board, each effective as of September 18, 2024.
On July 14, 2024, Ms. Kim Harris Jones notified the Board of Directors (the "Board") of Fossil Group, Inc. (the "Company") that she intends to resign as a member of the Board and as a member of the Audit Committee and the Nominating and Corporate Governance Committee of the Board effective July 31, 2024.
the Company has appointed Andy Skobe as the Company’s Interim Chief Financial Officer, effective immediately.
Sunil M. Doshi, the Chief Financial Officer (principal financial and accounting officer) (“CFO”) and Treasurer of Fossil Group, Inc. (the “Company”), notified the Company of his intent to resign from the Company, effective July 19, 2024.
Jeffrey N. Boyer, the Company’s Interim Chief Executive Officer, has been appointed the Company’s principal financial and accounting officer for the transition period.
Max materiality 0.95 · Median 0.72 · Most common event earnings