Fossil Group (NASDAQ:FOSL) Announces Earnings Results, Beats Estimates By $0.25 EPS

Posted by Francis Steltz on May 13th, 2026

Fossil Group (NASDAQ:FOSL – Get Free Report) posted its quarterly earnings data on Wednesday. The accessories brand company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.25, FiscalAI reports. Fossil Group had a negative return on equity of 46.78% and a negative net margin of 7.81%.The company had revenue of $224.80 million for the quarter, compared to analysts’ expectations of $204.74 million.

Here are the key takeaways from Fossil Group’s conference call:

Fossil said Q1 results were ahead of expectations, with net sales of $280 million, gross margin of 59.7%, and positive adjusted operating income of $10 million as the turnaround continues to gain traction.
Management highlighted strong wholesale demand, especially for traditional watches, with mid-single-digit wholesale growth and high-single-digit growth in core watch sales in the channel. They said this is being supported by fuller-price selling and stronger partner relationships.
The company is seeing encouraging brand momentum from Big Tic and other marketing initiatives, which management said are driving media attention, social engagement, and a halo effect across the Fossil brand. Additional Big Tic activations, plus new Star Wars and Marvel collaborations, are planned for the rest of the year.
Fossil reiterated full-year 2026 guidance, still expecting net sales to decline 4%–6%, adjusted operating margin of 3%–5%, and breakeven free cash flow. Management said the outlook remains cautious due to geopolitical and consumer uncertainty, even though Q1 outperformed expectations.
The company continues to tighten its operating model, including store closures, IT simplification, and a new distributor transition in South Africa, which should reduce costs. SG&A fell 13% year over year, restructuring costs dropped sharply, and cash used in operations improved by more than 50% versus last year.

Fossil Group Price Performance

Shares of NASDAQ:FOSL traded up $0.15 during midday trading on Wednesday, hitting $4.10. The company had a trading volume of 1,484,277 shares, compared to its average volume of 657,760. Fossil Group has a twelve month low of $1.23 and a twelve month high of $5.74. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.55 and a quick ratio of 1.05. The business’s 50-day simple moving average is $4.60 and its 200-day simple moving average is $3.82. The stock has a market cap of $242.23 million, a price-to-earnings ratio of -2.81 and a beta of 1.64.

Hedge Funds Weigh In On Fossil Group

A number of institutional investors have recently bought and sold shares of FOSL. Wexford Capital LP purchased a new stake in shares of Fossil Group in the 3rd quarter valued at approximately $28,000. Qube Research & Technologies Ltd purchased a new position in Fossil Group in the third quarter worth approximately $39,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Fossil Group in the third quarter worth approximately $45,000. Jane Street Group LLC increased its stake in Fossil Group by 93.1% during the first quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock worth $49,000 after acquiring an additional 20,530 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Fossil Group in the fourth quarter valued at $63,000. 61.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FOSL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fossil Group in a research note on Tuesday, April 21st. Maxim Group raised their price objective on Fossil Group from $5.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Wall Street Zen lowered shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Northland Securities initiated coverage on shares of Fossil Group in a research report on Thursday, February 19th. They issued an “outperform” rating and a $7.00 target price for the company. Finally, Zacks Research raised shares of Fossil Group to a “hold” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.00.

View Our Latest Research Report on FOSL

Fossil Group Company Profile

(Get Free Report)

Fossil Group, Inc designs, develops, markets and distributes consumer fashion accessories, focusing on lifestyle and wearable technology. The company offers a wide range of products including analog and digital watches, smartwatches, jewelry, handbags, small leather goods and wearable devices. It sells merchandise under its own Fossil brand and via license agreements with international labels such as Michael Kors, Armani Exchange, Burberry, Diesel, DKNY, Kate Spade and Tory Burch. Through its proprietary e-commerce platforms and global retail network, Fossil Group serves markets across North America, Europe, Asia and the Middle East.

The group’s wearable technology segment combines traditional timepieces with features such as fitness tracking, heart-rate monitoring and NFC payments.