FOSLNasdaqWatches, Clocks, Clockwork Operated Devices/PartsUS GAAP · USD

Fossil Group, Inc.

Fossil Group, Inc. designs, markets and distributes fashion accessories, with a core focus on watches and jewelry and a broader assortment that includes handbags, small leather goods, belts and sunglasses. The company sells through wholesale partners, distributors and direct-to-consumer channels under a mix of owned and licensed brands, targeting style-conscious consumers across multiple price points.

Ask about the company
Revenue1,004m USD
+0.0 %y/y
Operating profit (EBIT)-19.1m USD
+0.0 %y/y
EBIT margin-1.9%
+0.0 ppy/y
Net income-77.8m USD
+0.0 %y/y
Free cash flow-60.5m USD
+0.0 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-50005001,0001,5002,000m USD2021: 1,613 m USD2021: EBIT -135 m USD20212022: 1,682 m USD2022: EBIT -1.5 m USD20222023: 1,412 m USD2023: EBIT -143 m USD20232024: 1,145 m USD2024: EBIT -104 m USD20242025: 1,004 m USD2025: EBIT -19 m USD20252026: 1,004 m USD2026: EBIT -19 m USD20261,004-19
RevenueOperating profit (EBIT)
Ask Clarifo about Fossil Group, Inc.

Business

Share of revenue
Watches55 %

Fashion watches sold under the Fossil brand and licensed brand names.

Jewelry15 %

Men's and women's jewelry offered alongside the watch portfolio.

Leather goods and accessories20 %

Handbags, small leather goods, belts and related fashion accessories.

Sunglasses and other accessories10 %

Smaller accessory categories that complement the core fashion assortment.

Products

Reported · share of revenue
81.1%9.1%FY2026100 %
  • Traditional Watches81.1 %
  • Jewelry9.1 %
  • Leathers7.0 %
  • Products Other1.7 %
  • Smartwatches1.2 %

Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Fossil sells to style-conscious consumers who buy fashion accessories for personal use or gifting, with demand spanning value-oriented to more premium price points. Its customer base is served through wholesale accounts, third-party distributors and direct-to-consumer channels, including company-owned stores and e-commerce. Licensed-brand shoppers and Fossil-brand loyalists are both important because the company uses brand recognition to drive traffic and repeat purchases.

Direct-to-consumer shoppers

Consumers buying through Fossil-owned stores and websites for convenience, brand selection and full-price access.

Wholesale retail partners

Department stores, specialty retailers and other wholesale accounts that buy Fossil products for resale.

Distributor customers

Third-party distributors in markets where Fossil does not maintain a direct physical presence.

Licensed-brand consumers

Shoppers attracted by licensed watch and accessory brands that broaden Fossil's appeal and price ladder.

Strategy

Fossil's turnaround plan is centered on refocusing the business on core watches, rightsizing costs and strengthening the balance sheet. Management is also trying to improve channel profitability, reduce store count, transition smaller markets to distributors and monetize non-core assets while addressing debt maturities.

Refocus on core watchesShort term

The company is concentrating on its most recognizable category to improve brand clarity and execution.

Rightsize the cost structureShort term

Lower fixed costs are needed to support profitability in a smaller, more focused business.

Strengthen the balance sheetMedium term

High leverage and near-term maturities constrain flexibility and increase refinancing risk.

Geography

2026

Fossil operates globally through three reportable regions: Americas, Europe and Asia. The Americas segment includes the United States, Canada and Latin America; Europe covers European countries, the Middle East and Africa; and Asia includes Australia, greater China and several other Asian markets. Geography matters because the company relies on overseas sourcing, faces tariff exposure on China imports, and holds most of its cash outside the U.S., which affects liquidity and repatriation flexibility.

Europe27 %
United States26 %
Asia Pacific19 %
Germany9.8 %
India9.4 %
Switzerland8.7 %

Share of the revenue the company reports by geography.

Risks

Fossil faces a highly leveraged balance sheet, tariff exposure tied to China-sourced products and foreign-currency volatility from its global footprint. The turnaround also carries execution risk because profitability depends on store closures, channel changes, asset sales and successful refinancing while demand remains competitive and discretionary.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Tariffs on China imports1High leverage and debt service burden2Liquidity trapped outside the U.S.3Foreign currency translation4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Tariffs on China importsImpact: HighLikelihood: High

    Most products are sourced overseas and certain imports from China face additional duties.

    Exposure: Management said the substantial majority of products were imported from China in fiscal 2024.

  2. High leverage and debt service burdenImpact: HighLikelihood: Medium

    Substantial indebtedness can restrict financing, reinvestment and operational flexibility.

    Exposure: Outstanding indebtedness was disclosed at $182.3 million as of April 5, 2025.

  3. Liquidity trapped outside the U.S.Impact: HighLikelihood: Medium

    Cash held by foreign subsidiaries may be difficult to repatriate when U.S. liquidity is needed.

    Exposure: Most cash and cash equivalents were held by foreign subsidiaries.

  4. Foreign currency translationImpact: MediumLikelihood: Medium

    A large international footprint means local-currency results can move materially when translated to USD.

    Exposure: Management noted that a stronger U.S. dollar hurts reported results.

  5. Turnaround and restructuring executionImpact: Medium

    Expected savings and margin improvement depend on successful restructuring and channel changes.

    ExposureStore closuresWorkforce reductionsAsset monetization are underway
Ask Clarifo about Fossil Group, Inc.

Accounting

Judgemental items
Revenue recognition and returns reserve

Sales are recognized when control transfers, but expected returns reduce revenue and require estimation.

Impact: Can shift reported revenue and gross margin between periods.

Inventory valuation and shrinkage

Fashion accessories are exposed to obsolescence, markdowns and shrinkage.

Impact: Can affect cost of sales and working capital.

Trade-name and long-lived asset impairment

Brand and store assets may need write-downs if performance weakens.

Impact: Can create non-cash charges and reduce reported equity.

Restructuring charges

Store closures, workforce reductions and asset sales generate one-time costs.

Impact: Can distort underlying operating performance in turnaround periods.

53-week fiscal year

An extra week can change revenue and expense timing versus prior-year quarters.

Impact: Makes year-over-year quarterly comparisons less clean.

Similar listed companies

Publicly listed companies with a comparable business focus.

Movado Group Inc

MOV · Watches, Clocks, Clockwork Operated Devices/Parts

Ralph Lauren Corporation

RL · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

Urban Outfitters, Inc

URBN · Retail-Family Clothing Stores

Revolve Group, Inc.

RVLV · Retail-Catalog & Mail-Order Houses

Garmin Ltd

GRMN · Search, Detection, Navigation, Guidance, Aeronautical Sys

Funko, Inc.

FNKO · Games, Toys & Children's Vehicles (No Dolls & Bicycles)

Last updated: 24/09/2026

Fossil Group, Inc. (FOSL) Revenue, Earnings & Financials 2025 – Clarifo