NASDAQ$FOSL
Fossil Group Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a decrease in worldwide net sales and operating income due to macro headwinds, including COVID-19 restrictions in mainland China, elevated inventory levels among wholesale partners, and global inflation.
Fossil Group's third-quarter results were in line with expectations despite global macro headwinds. Worldwide net sales decreased by 11% on a reported basis, and operating income also declined compared to the previous year. The company is focusing on capturing efficiencies and driving growth through its digital roadmap and updated FOSSIL brand strategy.
- Worldwide net sales totaled $436 million, an 11% decrease on a reported basis.
- Direct to consumer net sales increased 5% in constant currency.
- Operating income was $22 million, compared to $48 million a year ago.
- Cash and cash equivalents totaled $163 million as of October 1, 2022.
Headline financials
Revenue & EPS history
Fossil · Revenue · Quarterly
$436M
Revenue by segment
Fossil · $79M total across 2 segments · Q3 2022
- Leathers$41.1M—52.0%
- Jewelry$37.9M—48.0%
Forward guidance
The Company is updating its guidance for full year 2022 to reflect the estimated impact of prevailing foreign currency translation, and a more cautious outlook on global markets, including a slowdown in consumer spending in our categories, and the ongoing COVID-19 related restrictions in mainland China. For fiscal year 2022, the Company now expects worldwide net sales declines of approximately 7% to 10% versus prior guidance of net sales declines of 5% to 8%.
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 Q3 2022
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro