Fossil Group, Inc.
NASDAQ Global SelectCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Franco Fogliato
- Full Time Employees
- 5,200
- Sector
- Consumer Cyclical
- Industry
- Luxury Goods
- Address
- 901 South Central Expressway Richardson TX United States of America 75080
- IPO Date
- Apr 8, 1993
- CIK
- 0000883569
- Website
- fossilgroup.com
- Similar Companies
- Business
- Fossil Group, Inc. is a global design, marketing, distribution, and innovation company specializing in consumer fashion accessories with a focus on lifestyle products. Founded in 1984 and headquartered in Richardson, Texas, the company manufactures and sells an extensive range of products including traditional and connected watches, jewelry, handbags, small leather goods, belts, sunglasses, and apparel. It operates a diverse portfolio of owned brands such as Fossil, Michele, Skagen Denmark, and Zodiac Watches, alongside licensed accessories for prominent global brands including Armani Exchange, Diesel, Michael Kors, Emporio Armani, Kate Spade New York, Tory Burch, and Puma. Fossil Group serves customers primarily in the United States, Europe, and Asia. In recent developments, Fossil Group has undergone a significant strategic turnaround emphasizing operational discipline, focused business transformation, and financial strengthening. The company exited the smartwatch segment to refocus on its core competencies, resulting in a 600-basis-point sales decline in the fourth quarter of 2024 but improving overall efficiency. It has closed 50 retail stores and shifted select international markets to distributor models, streamlining its cost structure and reducing selling, general, and administrative expenses by 17% year-over-year in Q4 2024, with expected annual savings of $100 million. The company also implemented a major debt restructuring, canceling $150 million in senior notes as part of balance sheet strengthening efforts. Leadership changes include the appointment of Franco Fogliato as CEO in September 2024, who drives three key objectives: refining the core business, resizing the cost structure, and reinforcing the balance sheet to enable growth and simplify operations. Fossil Group continues to invest in product innovation and brand development, launching new offerings such as the latest Fossil brand platform and other initiatives to capitalize on its core licensed brands. Its product portfolio spans fashion watches, one-of-a-kind handbags, small leather goods, and jewelry, supported by ongoing design, marketing, and distribution across key global markets. This strategic refocus aligns the company with evolving consumer preferences while maintaining a strong presence in traditional and fashion accessory segments. Overall, Fossil Group, Inc. operates in the consumer fashion accessories industry with targeted market segments encompassing men’s and women’s fashion and lifestyle products. Its business segments include owned and licensed brands, with geographic operations spanning North America, Europe, and Asia. The company maintains a robust portfolio with ongoing strategic initiatives enhancing its operational efficiency and market positioning. Fossil Group’s transformation plan aims for sustainable growth by leveraging brand heritage, new product introductions, and a more agile operating model.
Here's How BP is Balancing Fossil Fuels & Renewables for Cleaner Air
Fossil Group, Inc. to Participate in TD Cowen's 10th Annual Future of the Consumer Conference
Fossil Group, Inc. (FOSL) Q1 2026 Earnings Call Transcript
Fossil Group Q1 Earnings Call Highlights
Fossil Group (FOSL) Reports Q1 Loss, Tops Revenue Estimates
Fossil Group, Inc. Reports First Quarter 2026 Financial Results
Fossil Group, Inc. Announces Date for First Quarter 2026 Earnings Release and Conference Call
Fossil Group: How The India IPO Could Unlock 300% Upside
NextEra Energy: Iran War Exposes Flaws In Fossil Fuels, Advantages Of Renewables
Fossil Group (FOSL) Moves 8.3% Higher: Will This Strength Last?
More BP Investors Demand Proof That Fossil-Fuel Pivot Will Benefit Shareholders
More BP Investors Demand Proof That Fossil-Fuel Pivot Will Benefit Shareholders
Lulu’s Fashion Lounge (NASDAQ:LVLU) vs. Fossil Group (NASDAQ:FOSL) Financial Review
First Solar: Rising Fossil Fuels Keep Solar Utilities Competitive Without Tax Incentives
Fossil Hill Zone Trench Results Return up to 9,590 ppm Cu in Bedrock and Soil Sampling Results Show Strong Geochemical Anomalies Along the Boudreau Brook-Fossil Hill Trend at Magna Terra's Rocky Brook Project, New Brunswick
Fossil Group, Inc. (FOSL) Q4 2025 Earnings Call Transcript
Fossil Group, Inc. Reports Fourth Quarter and Full Year 2025 Results
Fossil Group, Inc. Announces Date for Fourth Quarter and Full Year 2025 Earnings Release and Conference Call
FOSSIL GROUP, INC. APPOINTS SHANNON FREEZE AS CHIEF PEOPLE AND COMMUNICATIONS OFFICER
SSAB to Deliver Fossil-Fuel-Free Steel to Rheinmetall