Fossil Group

FOSL

Market cap $193M

FOSL's Q3 loss widens year over year, pressured by direct-to-consumer weakness and store closures, while management reaffirmed full-year guidance and completed a key balance sheet restructuring.

Fossil Group reported third quarter results with operational improvements masked by the requirement to make substantial minimum royalty payments to owners of the company's licensed brands. However, these payments are expected to decline substantially next year. The company's core traditional watch business showed encouraging trends and management reiterated full-year expectations.

Fossil Group, Inc. ( FOSL ) Q3 2025 Earnings Call November 13, 2025 5:00 PM EST Company Participants Franco Fogliato - CEO & Director Randy Greben - Chief Financial Officer Conference Call Participants Christine Greany - The Blueshirt Group, LLC Francesco Marmo Presentation Operator Good afternoon, ladies and gentlemen, and welcome to the Fossil Group Third Quarter 2025 earnings call. [Operator Instructions] This conference call is being recorded and may not be reproduced in whole or in part without written permission from the company.

Third quarter 2025 worldwide net sales totaled $270 million Third quarter operating loss of $22 million and operating margin of (8)%; constant currency adjusted operating loss of $15 million and constant currency adjusted operating margin of (6)% Completes balance sheet transformation, significantly strengthens financial position subsequent to quarter end Reiterates full year 2025 financial guidance RICHARDSON, Texas, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal third quarter ended October 4, 2025. “We are pleased to report another quarter of progress and momentum under our turnaround as our teams continue to deliver superior execution against the three key pillars of our plan.

RICHARDSON, Texas, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Fossil (UK) Global Services Ltd (the “Plan Company”), a subsidiary of Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”), announced on October 16, 2025 that pursuant to an order made by the High Court of Justice of England and Wales (the “Court”), dated October 15, 2025 (the “Convening Order”), in respect of the Company's US $150,000,000 7.00% Senior Notes due November 30, 2026 (the “Notes”), a single meeting (the “Plan Meeting”) of such persons who are or may be creditors of the Plan Company in respect of the Notes (the “Plan Creditors”) shall be held on Thursday, November 6, 2025. The purpose of this meeting is considering and, if thought fit, approving (with or without modification, addition or condition approved or imposed by the Court) the restructuring plan proposed pursuant to Part 26A of the Companies Act 2006 (as amended) (the “Restructuring Plan”).

Claim No: CR-2025-007011 IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES INSOLVENCY AND COMPANIES LIST (ChD)   IN THE MATTER OF FOSSIL (UK) GLOBAL SERVICES LTD - and - IN THE MATTER OF THE COMPANIES ACT 2006 RESTRUCTURING PLAN (under Part 26A of the Companies Act 2006) Between Fossil (UK) Global Services Ltd (the “Company”) and THE PLAN CREDITORS RICHARDSON, Texas, Oct. 16, 2025 (GLOBE NEWSWIRE) -- NOTICE IS HEREBY GIVEN that, pursuant to an Order made by the High Court of Justice of England and Wales (the “Court”) dated 15 October 2025 (the “Convening Order”), a single meeting (the “Plan Meeting”) of such persons who are or may be creditors of the Company in respect of the US $150 million 7.00% Senior Notes due 30 November 2026 issued by Fossil Group, Inc. (the “Plan Creditors”) shall be held on Thursday, 6 November 2025 for the purpose of considering and, if thought fit, approving (with or without modification, addition or condition approved or imposed by the Court) the restructuring plan proposed pursuant to Part 26A of the Companies Act 2006 (as amended) (the “Restructuring Plan”). A copy of the document in which the terms of the Restructuring Plan are contained and a copy of the statement required to be furnished pursuant to section 901D of the Companies Act 2006 (the “Explanatory Statement”) are available on the Plan Website at https://dm.epiq11.com/fossil.

Provides Update on Its UK Proceeding Addresses Media Report RICHARDSON, Texas, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announced today that, in connection with its previously announced offer to exchange (the “Exchange Offer”) and consent solicitation (the “Consent Solicitation”) with respect to its 7.00% Senior Notes due 2026 (the “Old Notes”), it has extended the expiration of the Exchange Offer, Consent Solicitation and its concurrent rights offering (the “Rights Offering”) from 5:00pm New York City time on October 15, 2025 to 5:00pm New York City time on October 22, 2025. The Company intends to proceed concurrently with the UK Proceeding on the previously disclosed schedule, and as described herein, and may make effective the UK Proceeding Amendments to the Indenture for the Old Notes prior to a definitive determination that the Company is required to proceed with the UK Proceeding pursuant to the Transaction Support Agreement (and, if applicable, will make corresponding amendments to the Exchange Offer Amendments to the Old Notes Indenture).

FOSL gains momentum with stronger liquidity, cost efficiency, product innovation, and renewed brand appeal, driving profitability.

RICHARDSON, Texas, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Further to the announcement issued by Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) and its subsidiary, Fossil (UK) Global Services Ltd (the “Plan Company”), on 23 September 2025 regarding the launch of a restructuring plan by the Plan Company under Part 26A of the UK Companies Act 2006 (as amended) (the “Restructuring Plan”) in respect of the Company's 7.00% Senior Notes due 2026 (the “Notes”) via the issuance of a practice statement letter dated 23 September 2025 (the “Practice Statement Letter”), notice is hereby given that the Convening Hearing is scheduled to take place in The High Court of Justice of England and Wales (the “Court”) at no earlier than 10:00 a.m. (London time) on 15 October 2025 at the Royal Courts of Justice, 7 Rolls Building, Fetter Lane, London EC4A 1NL. Capitalized terms used but not defined in this announcement have the meaning given to them in the Practice Statement Letter, which is available on the Plan Website at https://dm.epiq11.com/fossil. Plan Creditors may also access the Practice Statement Letter for free by visiting EDGAR on the U.S. Securities and Exchange Commission (“SEC”) website (www.sec.gov).

RICHARDSON, Texas, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announced today that, in connection with its previously announced offer to exchange (the “Exchange Offer”) and consent solicitation (the “Consent Solicitation”) with respect to its 7.00% Senior Notes due 2026 (the “Old Notes”), it has extended the expiration of the Exchange Offer, Consent Solicitation and its concurrent rights offering (the “Rights Offering”) from 5:00pm New York City time on October 7, 2025 to 5:00pm New York City time on October 15, 2025. The Company intends to proceed concurrently with the UK Proceeding on the previously disclosed schedule, including the Convening Hearing scheduled for Wednesday, October 15, 2025. In addition, the Company may make effective the UK Proceeding Amendments to the Indenture for the Old Notes prior to a definitive determination that the Company is required to proceed with the UK Proceeding pursuant to the Transaction Support Agreement (and, if applicable, will make corresponding amendments to the Exchange Offer Amendments to the Old Notes Indenture). All other terms, provisions and conditions of the Exchange Offer, Consent Solicitation and Rights Offering will remain in full force and effect, and capitalized terms used but not defined herein have the meanings ascribed to them in the prospectus included in the Registration Statements (as defined herein). The Company reserves the right to terminate, withdraw, amend or further extend the Exchange Offer, the Consent Solicitation and the Rights Offering independently of each other at any time and from time to time, as described in the Registration Statements.