Fossil Group, Inc. FOSL
We are a design, innovation and distribution company specializing in consumer fashion accessories. Our products include watches, jewelry, handbags, small leather goods, belts and sunglasses. We design, develop, market and distribute products under our owned brands FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, EMPORIO ARMANI, MICHAEL KORS, SKECHERS and TORY BURCH. Based on our range of accessory products, brands, distribution channels and price points, we are able to target style-conscious consumers across a wide age spectrum on a global basis.
In September 2024, we appointed Franco Fogliato as Chief Executive Officer and a member of the Company's Board of Directors (the "Board") and moved quickly to implement change and create a plan to return the Company to profitable growth (the "Turnaround Plan"). Our Turnaround Plan was centered on three key areas: (i) refocusing on our core, (ii) rightsizing our cost structure, and (iii) strengthening our balance sheet. The first key area, refocusing on our core, included workstreams such as:
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.00B | $1.14B | $1.41B | $1.68B | $1.87B | $1.61B | $2.22B | $2.54B | $2.79B |
| Cost of revenue | — | $441.3M | $547.8M | $732.8M | $851.8M | $903.7M | $843.0M | $1.12B | $1.20B | $1.43B |
| Gross profit | — | $563.1M | $597.2M | $679.6M | $830.7M | $966.4M | $770.4M | $1.10B | $1.34B | $1.36B |
| R&D | — | $0 | $0 | $19.4M | $29.1M | $27.2M | $25.9M | $32.4M | $38.2M | $42.8M |
| SG&A | — | $540.1M | $638.8M | $777.2M | $823.7M | $842.6M | $835.1M | $1.07B | $1.22B | $1.33B |
| Total operating expenses | — | $582.2M | $701.1M | $822.6M | $832.2M | $873.7M | $905.7M | $1.13B | $1.28B | $1.78B |
| Operating income | — | -$19.1M | -$103.9M | -$143.0M | -$1.5M | $92.6M | -$135.3M | -$28.4M | $62.7M | -$424.3M |
| Interest expense | — | $20.2M | $19.0M | $21.8M | $19.2M | $25.1M | $31.8M | $29.9M | $42.5M | $43.2M |
| Pre-tax income | — | -$49.8M | -$118.1M | -$156.1M | -$22.1M | $53.1M | -$172.0M | -$31.3M | $20.2M | -$453.8M |
| Income tax | — | $28.1M | $11.8M | $522.0K | $21.4M | $26.4M | $76.0M | $18.7M | $21.1M | $19.8M |
| Net income | — | -$77.8M | -$106.3M | -$156.7M | -$43.5M | $26.6M | -$95.9M | -$50.0M | -$938.0K | -$473.6M |
| EPS, basic | — | -1.45 | -1.94 | -3.00 | -0.85 | 0.49 | -1.88 | -1.04 | -0.07 | -9.87 |
| EPS, diluted | — | -1.45 | -1.94 | -3.00 | -0.85 | 0.48 | -1.88 | -1.04 | -0.07 | -9.87 |
| Shares, diluted (wtd. avg.) | — | $54.1M | $53.0M | $52.3M | $51.8M | $52.8M | $51.1M | $50.2M | $49.2M | $48.5M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $95.8M | $123.6M | $117.2M | $204.1M | $264.6M | $324.2M | $207.7M | $410.9M | $231.7M |
| Receivables | — | $144.6M | $162.2M | $187.9M | $206.1M | $255.1M | $229.8M | $289.7M | $328.0M | $367.0M |
| Inventory | — | $151.8M | $178.6M | $252.8M | $376.0M | $346.9M | $295.3M | $452.3M | $377.6M | $573.8M |
| Total current assets | — | $467.8M | $554.5M | $710.7M | $945.3M | $1.02B | $990.5M | $1.06B | $1.26B | $1.29B |
| Property, plant and equipment | — | $34.1M | $41.6M | $57.2M | $79.9M | $89.8M | $114.0M | $151.5M | $183.2M | $219.7M |
| Goodwill | — | — | — | — | — | — | — | — | — | $0 |
| Total assets | — | $689.3M | $763.6M | $978.0M | $1.24B | $1.37B | $1.48B | $1.60B | $1.58B | $1.66B |
| Accounts payable | — | $132.5M | $157.6M | $147.2M | $191.1M | $229.9M | $178.2M | $172.2M | $169.6M | $205.0M |
| Short-term debt | — | $4.0M | $2.2M | $500.0K | $300.0K | $500.0K | $40.5M | $25.2M | $125.4M | $900.0K |
| Total current liabilities | — | $301.8M | $326.6M | $342.5M | $425.9M | $535.6M | $558.5M | $559.2M | $605.8M | $509.1M |
| Long-term debt | — | $201.1M | $165.9M | $212.1M | $223.0M | $150.0M | $210.3M | $203.0M | $267.3M | $440.3M |
| Retained earnings | — | -$162.6M | -$84.3M | $18.4M | $175.5M | $229.1M | $203.7M | $299.8M | $381.6M | $409.7M |
| Total equity | — | $102.8M | $148.7M | $251.7M | $403.0M | $465.4M | $440.0M | $503.8M | $588.6M | $580.9M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$57.9M | $46.7M | -$59.5M | -$110.9M | $50.0M | $101.2M | -$14.2M | $248.1M | $179.5M |
| Depreciation and amortisation | — | $13.1M | $16.0M | $19.1M | $23.3M | $29.6M | $43.1M | $54.8M | $67.6M | $81.0M |
| Stock-based compensation | — | $2.3M | $2.9M | $5.7M | $8.1M | $9.5M | $11.1M | $15.8M | $23.0M | $30.4M |
| Capital expenditure | — | $2.6M | $6.8M | $8.5M | $13.3M | $10.3M | $8.7M | $20.9M | $18.0M | $25.5M |
| Investing cash flow | — | $22.1M | $4.0M | -$9.9M | -$8.6M | $7.1M | -$10.6M | $18.7M | -$15.6M | -$24.9M |
| Financing cash flow | — | -$5.0M | -$50.2M | -$13.6M | $53.0M | -$112.6M | $10.8M | -$208.5M | -$62.7M | -$201.7M |
| Buybacks | — | $164.0K | $114.0K | $530.0K | $12.4M | $2.4M | $727.0K | $4.2M | $2.9M | $1.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197497.
Others in SIC 3873
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MOV | MOVADO GROUP INC | $759.1M | 29.0x | 2.7% |