Fossil Group, Inc.

Fossil Group, Inc. reported net sales of $1.00 billion for fiscal year 2025, a decrease of 12.3% (12.7% in constant currency) compared to fiscal year 2024. The company incurred a net loss attributable to Fossil Group, Inc. of $78.3 million, an improvement from a net loss of $102.7 million in the prior year. Gross profit was $563.1 million with a gross margin of 56.1%, up from 52.2% in fiscal 2024, driven by a full-price selling model and sourcing initiatives. Operating expenses decreased to $582.2 million, resulting in an operating loss of $19.1 million. The company used $57.9 million in cash from operating activities, primarily due to the net loss and changes in working capital. Key strategic initiatives included a Turnaround Plan focused on refocusing on core businesses, rightsizing the cost structure, and strengthening the balance sheet, which achieved SG&A cost savings of approximately $100 million compared to fiscal 2024.

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