NASDAQ$FOSL
Fossil Group Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a decrease in worldwide net sales but an expansion in gross margins, reflecting progress under the TAG Plan.
Fossil Group's second quarter results showed a decrease in net sales, but gross margins expanded due to the TAG Plan. The company is maintaining its full-year 2024 outlook.
- Worldwide net sales decreased by 19% to $260 million.
- Gross margins expanded by 390 basis points to 52.6%.
- Operating loss was $34 million, compared to $35 million a year ago.
- Inventory decreased by 38% versus a year ago, totaling $202 million.
Headline financials
Revenue & EPS history
Fossil · Revenue · Quarterly
$260M
Revenue by segment
Fossil · $225M total across 4 segments · Q1 2026
- Watches$190M—84.7%
- Jewelry$20.1M—9.0%
- Leathers$10.6M—4.7%
- Other$3.52M—1.6%
Forward guidance
The company is reiterating its full year financial outlook for 2024.
Tailwinds
- Worldwide net sales are expected to be approximately $1.2 billion.
- Company expects to generate positive free cash flow in full year 2024.
- Includes tax refunds of approximately $57 million, which were received in the second quarter of 2024.
Headwinds
- Reflecting consumer and channel softness.
- Approximately $100 million of negative impact related to the exit of its smartwatch business.
- Closure of owned retail stores.
- Fiscal year adjusted operating margin is expected to be in the range of -3% to -5%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+0.8%
Avg return
Earnings day
+4.1%
Avg return
5 days after
+5.9%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+102.3%
Q4 2017
Best reaction
-37.8%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.6% | -6.1% | +6.6% | |
| Q4 2025 | +16.8% | +14.3% | +24.8% | |
| Q3 2025 | -9.2% | -3.3% | +85.7% | |
| Q2 2025 | +31.5% | +74.6% | +72.4% | |
| Q1 2025 | +18.0% | +34.1% | +5.6% | |
| Q4 2024 | +29.1% | +3.1% | -23.6% | |
| Q3 2024 | -10.8% | -6.9% | +51.5% | |
| Q2 2024 | +1.8% | -0.9% | -2.8% | |
| Q1 2024 | -4.7% | +6.2% | +25.8% | |
| Q4 2023 | -5.6% | -1.2% | +4.7% | |
| Q3 2023 | -34.3% | -35.4% | -28.1% | |
| Q2 2023 | -10.4% | -16.3% | -17.9% | |
| Q1 2023 | -9.2% | -32.3% | -27.2% | |
| Q4 2022 | -13.4% | -15.3% | -24.9% | |
| Q3 2022 | +10.3% | +17.7% | +21.6% | |
| Q2 2022 | -4.2% | -12.1% | -40.2% | |
| Q1 2022 | -10.2% | -10.9% | -23.3% | |
| Q4 2021 | -28.3% | -36.3% | -25.3% | |
| Q3 2021 | +16.7% | +13.0% | -28.2% | |
| Q2 2021 | +9.1% | +7.6% | -3.7% | |
| Q1 2021 | +0.7% | +20.8% | +38.6% | |
| Q3 2020 | +18.1% | +42.9% | +111.3% | |
| Q2 2020 | +10.2% | +18.9% | +50.1% | |
| Q1 2020 | +27.1% | +136.2% | +29.2% | |
| Q4 2019 | -19.4% | -19.6% | -36.2% | |
| Q3 2019 | -23.4% | -36.5% | -42.9% | |
| Q2 2019 | +9.1% | -4.4% | +34.6% | |
| Q1 2019 | +17.0% | +9.1% | -10.4% | |
| Q4 2018 | -5.9% | -8.2% | -9.6% | |
| Q3 2018 | -7.7% | -16.9% | -25.7% | |
| Q2 2018 | -18.9% | -18.7% | -19.4% | |
| Q1 2018 | +23.1% | +27.5% | +90.6% | |
| Q4 2017 | +102.3% | +73.1% | +38.4% | |
| Q3 2017 | -18.8% | -5.4% | -3.9% | |
| Q2 2017 | -20.8% | -26.8% | -21.7% | |
| Q1 2017 | -16.9% | -24.4% | -38.5% | |
| Q4 2016 | -15.2% | -9.8% | -27.1% | |
| Q3 2016 | -0.6% | +5.7% | +27.0% | |
| Q2 2016 | -0.6% | +2.9% | -8.4% | |
| Q1 2016 | -27.9% | — | — | |
| Q4 2015 | +32.9% | — | — | |
| Q3 2015 | -37.8% | — | — | |
| Q2 2015 | -6.0% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q4 2014 | -15.0% | — | — | |
| Q3 2014 | +9.0% | — | — | |
| Q2 2014 | -6.5% | — | — | |
| Q1 2014 | -10.8% | — | — | |
| Q4 2013 | +5.3% | — | — | |
| Q3 2013 | -1.3% | — | — | |
| Q2 2013 | +12.8% | — | — | |
| Q1 2013 | +10.7% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | -10.8% | — | — | |
| Q2 2012 | +25.2% | — | — | |
| Q1 2012 | +4.8% | — | — | |
| Q4 2011 | +3.6% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q2 2011 | +9.5% | — | — | |
| Q4 2009 | +6.9% | — | — | |
| Q1 2011 | +3.1% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q2 2010 | -1.1% | — | — | |
| Q1 2010 | -4.6% | — | — |
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