Earnings summaries and quarterly performance for Fossil Group.
Research analysts who have asked questions during Fossil Group earnings calls.
Recent press releases and 8-K filings for FOSL.
Fossil Group Issues Second-Out Second Lien Secured Senior Notes
FOSL
Debt Issuance
- Fossil Group, Inc. issued $29,824,133 aggregate principal amount of 7.500% Second-Out Second Lien Secured Senior Notes due 2029 on November 13, 2025.
- The Second-Out Notes bear interest at a rate of 7.500% per annum, payable quarterly in arrears starting March 15, 2026, and will mature on June 30, 2029.
- These notes are fully and unconditionally guaranteed by the Company and its subsidiaries and are secured by second-priority liens on Notes Priority Collateral and third-priority liens on ABL Priority Collateral on substantially all assets.
- The First-Out Notes Indenture (which contains similar covenants to the Second-Out Notes Indenture) includes covenants that limit the Company's ability to incur additional debt, pay dividends, make certain investments, engage in affiliate transactions, create liens, sell assets, or merge.
Nov 13, 2025, 10:23 PM
Fossil Group Completes Balance Sheet Restructuring and Reports Q3 2025 Results
FOSL
Debt Issuance
Guidance Update
Earnings
- Fossil Group successfully completed its balance sheet restructuring, extending debt maturity to 2029 and securing $32.5 million in new capital.
- For Q3 2025, net sales totaled $267 million, representing a 7% decline in constant currency year-over-year, while the adjusted operating loss narrowed to $15 million from $22 million in the prior year.
- The Q3 2025 gross margin was 48.7%, and the company anticipates full-year gross margin to be in the mid-50s; year-to-date cost savings have exceeded $60 million.
- Fossil Group reiterated its full-year 2025 guidance, expecting worldwide net sales to decline in the mid-teens and adjusted operating margin to be break-even to slightly positive.
Nov 13, 2025, 10:00 PM
Fossil Group, Inc. Reports Q3 2025 Results and Completes Balance Sheet Transformation
FOSL
Earnings
Guidance Update
Debt Issuance
- Fossil Group, Inc. reported Q3 2025 worldwide net sales of $270 million, an operating loss of $22 million, and a net loss of $39.9 million or $0.76 per diluted share.
- The company completed a significant balance sheet transformation, extending debt maturity by three years and securing $32.5 million in new financing, along with a new $150 million ABL facility.
- As of October 4, 2025, total liquidity stood at $101.9 million, including $79.2 million in cash and equivalents and $22.7 million in ABL availability, with total debt at $176.0 million.
- The company reiterated its full-year 2025 financial guidance, projecting worldwide net sales to decline in the mid-teens and adjusted operating margin to be break even to slightly positive.
Nov 13, 2025, 9:03 PM
Fossil Group Reports Third Quarter 2025 Financial Results
FOSL
Earnings
Guidance Update
Debt Issuance
- Fossil Group reported worldwide net sales of $270.2 million for the third quarter of 2025, representing a 6.1% decrease on a reported basis compared to the third quarter of 2024.
- The company posted a net loss of $39.9 million, or $0.76 per diluted share, for Q3 2025, compared to a net loss of $32.0 million, or $0.60 per diluted share, in the prior year's third quarter.
- Operating loss for the third quarter of 2025 was $21.7 million, resulting in an operating margin of (8.0)%.
- Subsequent to the quarter end, Fossil Group completed a balance sheet transformation, which included debt refinancing and securing a new $150 million asset-based revolving credit facility (ABL), significantly strengthening its financial position.
- The company reiterated its full year 2025 financial guidance, expecting worldwide net sales to decline in the mid-teens and adjusted operating margin to be break-even to slightly positive.
Nov 13, 2025, 9:01 PM
Fossil Group, Inc. receives Chapter 15 recognition order for debt restructuring
FOSL
Legal Proceedings
Debt Issuance
- On November 12, 2025, Fossil Group, Inc. announced that the United States Bankruptcy Court for the Southern District of Texas granted a Chapter 15 recognition order in connection with the company's ongoing restructuring of its 7.00% Senior Notes due 2026.
- This Chapter 15 Order recognizes a restructuring plan proposed by its subsidiary, Fossil (UK) Global Services Ltd, which was approved by the High Court of Justice of England and Wales on November 10, 2025.
- The company expects to distribute the securities issuable upon the cancellation of the Notes pursuant to the Restructuring Plan in the next few days.
Nov 12, 2025, 9:52 PM
Fossil Group, Inc. Announces Sanction Order for Debt Restructuring
FOSL
Debt Issuance
Legal Proceedings
- On November 10, 2025, Fossil Group, Inc.'s subsidiary, Fossil (UK) Global Services Ltd, was granted a Sanction Order by the High Court of Justice of England and Wales for a restructuring plan.
- This plan sanctions the restructuring of the company's 7.00% Senior Notes due 2026.
- The implementation of the Restructuring Plan will result in the cancellation in full of the 7.00% Senior Notes due 2026.
- New debt will be issued, comprising 9.500% First-Out First Lien Secured Senior Notes due 2029 and 7.500% Second-Out Second Lien Secured Senior Notes due 2029.
- CEO Franco Fogliato stated that this is an important step to address upcoming debt maturity and provide additional liquidity to support the company's turnaround plan.
Nov 10, 2025, 10:03 PM
Fossil Group Announces Sanction Order for Debt Restructuring
FOSL
Debt Issuance
Legal Proceedings
- Fossil Group, Inc.'s subsidiary, Fossil (UK) Global Services Ltd, has been granted a Sanction Order from the High Court of Justice of England and Wales, sanctioning a restructuring plan.
- This Restructuring Plan will lead to the cancellation of the 7.00% Senior Notes due 2026 and the issuance of new 9.500% First-Out First Lien Secured Senior Notes due 2029 and 7.500% Second-Out Second Lien Secured Senior Notes due 2029.
- CEO Franco Fogliato stated that this decision is an important step to address upcoming debt maturity and provide additional liquidity to support the company's turnaround plan.
Nov 10, 2025, 3:51 PM
Fossil Group's Subsidiary Secures Creditor Approval for Restructuring Plan
FOSL
Legal Proceedings
Debt Issuance
- Fossil Group, Inc.'s subsidiary, Fossil (UK) Global Services Ltd., held a Plan Meeting on November 6, 2025, to consider a restructuring plan for the company's US$150,000,000 7.00% Senior Notes.
- The restructuring plan was approved by the requisite statutory majority of Plan Creditors, with 99.99% by value of those present and voting in favor.
- A Sanction Hearing is expected to be held on November 10, 2025, before the High Court of Justice of England and Wales to formally sanction the Restructuring Plan.
Nov 6, 2025, 10:01 PM
Fossil Group Subsidiary Announces Key Dates for Senior Notes Restructuring Plan
FOSL
Legal Proceedings
Debt Issuance
- Fossil Group, Inc.'s subsidiary, Fossil (UK) Global Services Ltd, is proceeding with a restructuring plan related to its US $150,000,000 7.00% Senior Notes due November 30, 2026.
- A Plan Meeting for creditors to consider and approve the Restructuring Plan is scheduled for Thursday, November 6, 2025.
- The Sanction Hearing before the High Court of Justice of England and Wales, to sanction the Restructuring Plan if approved, is expected on November 10, 2025.
- Plan Creditors will be able to access evidence filed by the Plan Company with the Court starting Friday, November 7, 2025.
Nov 4, 2025, 10:12 PM
Fossil Group Provides Update on Restructuring Plan and Sanction Hearing
FOSL
Legal Proceedings
Debt Issuance
- Fossil (UK) Global Services Ltd, a subsidiary of Fossil Group, Inc., will hold a Plan Meeting on November 6, 2025, for creditors of its US $150,000,000 7.00% Senior Notes due November 30, 2026, to consider a Restructuring Plan.
- If the Restructuring Plan is approved, a Sanction Hearing is expected to be held on November 10, 2025, at the Royal Courts of Justice in London.
- The Plan Company's evidence for the Restructuring Plan will be filed with the Court on November 7, 2025.
- Plan Creditors can access the Explanatory Statement on the SEC website and request evidence filed with the Court by contacting Epiq Corporate Restructuring, LLC.
Nov 4, 2025, 9:05 PM
Quarterly earnings call transcripts for Fossil Group.
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