Fossil Q3 revenue declines on lower direct-to-consumer sales

Fossil

13/11/2025 21:24

Overview

Fossil Q3 net sales of $270.2 mln vs $287.8 mln yr ago

The fashion design firm completes balance sheet transformation, enhancing financial flexibility

Outlook

Fossil Group reiterates full-year 2025 guidance

Worldwide net sales expected to decline in mid-teens

Adjusted operating margin expected to be break-even to slightly positive

Result Drivers

DIRECT-TO-CONSUMER SALES DECLINE - Direct-to-consumer sales decreased 27%, contributing to overall revenue drop

BALANCE SHEET TRANSFORMATION - Completion of balance sheet transformation enhances financial flexibility

RESTRUCTURING IMPACT - Restructuring efforts reduced operating expenses, aiding margin improvement

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
$270 mln
$233.30 mln (1 Analyst)
Q3 Adjusted EPS
$0.63
-$0.36 (1 Analyst)
Q3 Adjusted Net Income
-$32.80 mln
-$13.40 mln (1 Analyst)
Q3 Adjusted EBITDA
-$15 mln
-$21 mln (1 Analyst)
Q3 Gross Margin
49.00%
Q3 Adjusted Operating Income
-$15 mln
-$24 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the apparel & accessories peer group is "hold."

Wall Street's median 12-month price target for Fossil Group Inc is $5.00, about 53.8% above its November 12 closing price of $2.31

Press Release: ID:nGNX98Pkw8

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)