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Fossil swings to FY26 Q1 operating income of $12 million; net sales fall 3.6% to $224.8 million

PUBT·05/13/2026 20:11:12
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Fossil swings to FY26 Q1 operating income of $12 million; net sales fall 3.6% to $224.8 million
  • Fossil Group posted a net loss of USD 830,000, narrowing from a net loss of USD 17.6 million a year earlier, as operating income turned to USD 12 million from an operating loss of USD 6.7 million.
  • Net sales fell 3.6% to USD 224.8 million versus the year-ago quarter, while gross margin slipped 1.4 percentage points to 59.9%.
  • Operating expenses dropped 18.1% to USD 122.7 million, including USD 2 million of restructuring costs versus USD 15.8 million a year earlier.
  • Liquidity totaled USD 109.5 million, including USD 81.4 million in cash, while total debt stood at USD 195.3 million.
  • Outlook reiterated for 2026, calling for worldwide net sales to decline 4% to 6% with a return to growth in fourth quarter, while CEO Franco Fogliato cited turnaround execution and “healthy watch industry trends.”


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fossil Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605131605PRIMZONEFULLFEED9719738) on May 13, 2026, and is solely responsible for the information contained therein.