Group 1 - The analyst team has a proven track record of outperforming across all market conditions, achieving an annualized return of almost 40% over the past decade with a long-only model portfolio return of over 23 times [1] - The focus of the research includes energy, shipping, and offshore markets, indicating a specialization in sectors that may offer significant investment opportunities [1] - The company offers income-focused picks for investors preferring lower-risk firms with steady dividend payouts, highlighting a strategy for risk-averse investors [1] Group 2 - The analyst has a historical focus on tech stocks but has expanded coverage to include the offshore drilling and supply industry, as well as the shipping industry, indicating a diversification of investment interests [2] - The analyst's background includes experience as an auditor for PricewaterhouseCoopers and navigating significant market events such as the dotcom bubble and the subprime crisis, showcasing a depth of experience in market analysis [2] - The analyst aims to deliver high-quality research to the Seeking Alpha community, emphasizing a commitment to providing valuable insights [2]

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Financial Data and Key Metrics Changes - Third-quarter net sales totaled $267 million, down 7% in constant currency compared to the prior year, slightly ahead of expectations [18] - Gross margin in Q3 was 48.7%, down 70 basis points year-over-year, but underlying gross margins improved compared to the prior year [18][20] - Adjusted operating loss for Q3 narrowed to $15 million from $22 million a year ago, with expectations for a break-even to slightly positive adjusted operating margin for the full year [22][25] Business Line Data and Key Metrics Changes - Traditional watch sales for the Fossil brand in Q3 were up high double digits, outperforming the market [5][6] - The wholesale channel grew mid-single digits globally, with notable strength in EMEA and Asia regions [12] - The company reported a 26% year-over-year reduction in inventory, aligning with a 7% sales decline [23][34] Market Data and Key Metrics Changes - The U.S. watch market showed low single-digit growth, with department and specialty store channels up low double digits [5] - In Asia, India and Japan experienced double-digit growth, while China remained under pressure [12][33] - The company noted a positive performance in the Asia region, particularly in traditional watches and jewelry, with gross margin expansion [32] Company Strategy and Development Direction - The company has successfully transformed its balance sheet, extending debt maturity to 2029 and bringing in over $32 million of new capital [4][24] - The turnaround plan focuses on three pillars: strengthening the core brand, right-sizing the cost structure, and improving the balance sheet [8][16] - The company is committed to a full-price selling model, which has improved margin architecture and reduced promotional activity [19][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the path to profitable growth, reiterating financial guidance for the full year [17][25] - The company acknowledged ongoing challenges in the macro environment, particularly in China, but remains optimistic about growth in other regions [33] - Management highlighted the importance of disciplined expense management and working capital improvements [22][23] Other Important Information - The company has appointed Devin Leong as General Manager for Asia, expected to enhance market presence and accelerate growth [12] - The Nick Jonas campaign has generated nearly 6 billion impressions and is attracting a younger demographic [9][10] - The company is focusing on brand investment and enhancing visibility through media and PR partnerships [11] Q&A Session Summary Question: What is driving the gap between wholesale growth and store comps? - Management clarified that the decline in store comps refers to direct-to-consumer performance, which has been intentionally reduced to improve margins [27][28] Question: Can you provide insights on the performance in Asia? - Management noted strong performance in India and Japan, while China remains challenging, with a focus on reducing promotional activity to improve gross margins [32][33] Question: What initiatives are driving inventory improvements? - Management highlighted tighter inventory control and a focus on key products, resulting in a significant reduction in SKUs and improved gross margins [34][37]

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)% FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS Exhibit 99.1 Completes balance sheet transformation, significantly strengthens financial position subsequent to quarter end Reiterates full year 2025 financial guidance Richardson, TX, November 13, 202 ...

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 financ ...

RICHARDSON, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announced today that its subsidiary, Fossil (UK) Global Services Ltd (the “Plan Company”), has been granted an order from the High Court of Justice of England and Wales (the “Sanction Order”) sanctioning the restructuring plan under Part 26A of the UK Companies Act 2006 (as amended) (the “Restructuring Plan”) in respect of the 7.00% Senior Notes due 2026 issued by the Company (the “Notes”). Implementation ...

RICHARDSON, Texas, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announces that today its subsidiary, Fossil (UK) Global Services Ltd (the “Plan Company”), held its Plan Meeting (as defined below), at which its restructuring plan pursuant to Part 26A of the Companies Act 2006 (as amended) (the “Restructuring Plan”) was approved by the requisite statutory majority of Plan Creditors (as defined below). Pursuant to an order made by the High Court of Justice of England and ...

RICHARDSON, Texas, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Further to an announcement dated October 30, 2025 that Fossil (UK) Global Services Ltd (the “Plan Company”), a subsidiary of Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”), 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”), would hold a single meeting (the “Plan Meeti ...

Core Viewpoint - Fossil (UK) Global Services Ltd, a subsidiary of Fossil Group, Inc., is set to hold a Plan Meeting on November 6, 2025, to discuss a proposed restructuring plan related to its US $150,000,000 7.00% Senior Notes due November 30, 2026, following a court order [1][8]. Restructuring Plan Details - The restructuring plan is proposed under Part 26A of the Companies Act 2006 and aims to address the financial obligations of the company [1]. - An Explanatory Statement detailing the terms of the Restructuring Plan is available online for Plan Creditors [2][3]. Meeting Logistics - The Plan Meeting will take place at Weil, Gotshal & Manges LLP in London and will also be accessible via video conference [4]. - Registration for the meeting is required, with a deadline set for November 3, 2025 [5][6]. Voting Procedures - Plan Creditors who wish to vote must have their Notes validly placed on DTC's Automated Tender Offer Program system by the Record Date of October 27, 2025 [4]. - Those who have not voted are encouraged to appoint a proxy by the Voting Instructions Deadline of November 3, 2025 [5]. Additional Information - If the Restructuring Plan is approved, a Sanction Hearing will be held on November 10, 2025, to finalize the plan [8]. - Retail holders of the Notes can contact a designated Retail Advocate for assistance regarding the voting procedure [7].

Group 1 - Fossil Group, Inc. will report its third quarter 2025 financial results on November 13, 2025, after market close [1] - A conference call to discuss the financial results will take place at 5:00 p.m. ET on the same day, accessible via the company's investor relations website [1] - The conference call will also be archived for replay [1] Group 2 - Fossil Group, Inc. specializes in lifestyle accessories, including watches, jewelry, handbags, small leather goods, belts, and sunglasses [2] - The company operates a diverse portfolio of owned and licensed brands, such as Fossil, Michele, Relic, Skagen, Zodiac, Armani Exchange, Diesel, Emporio Armani, kate spade new york, Michael Kors, Skechers, and Tory Burch [2] - Fossil Group is committed to design and innovation, supported by an extensive distribution network across various geographies, categories, and channels [2]