Earnings ·
Fossil Group, Inc. reported fiscal second quarter results ending July 4, 2026, with net sales of $209.7 million, a…
FOSLLFossil Group, Inc.
Fossil Group, Inc. reported fiscal second quarter results ending July 4, 2026, with net sales of $209.7 million, a 4.9% decline from the prior year period. Gross margin expanded 490 basis points to 62.4%, while operating income was $3.2 million and adjusted EBITDA reached $8.6 million. The company incurred $3.4 million in restructuring costs and reported a net loss of $10.6 million, or $0.18 per diluted share. Total debt stood at $203.0 million with total liquidity of $96.6 million. Fossil Group raised its full-year 2026 outlook, projecting worldwide net sales to decline 3% to 5%, an adjusted operating margin between 4% and 6%, and positive free cash flow generation. The company operates in the lifestyle accessories industry, specializing in watches, jewelry, handbags, small leather goods, belts, and sunglasses under owned and licensed brands.