NASDAQ$FOSL

Fossil Group Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Fossil Group reported a challenging fourth quarter, impacted by lower performance in older generation connected products and softness in the department store channel, partially offset by strong performance in Gen 5 and Hybrid HR products, double-digit growth in Asia, and solid growth in third-party e-commerce.

Fossil Group's Q4 2019 results were impacted by lower than expected performance in older generation connected products and ongoing softness in the department store channel. Worldwide net sales decreased by 10% to $711.6 million. The company reported a net loss of $6.9 million, or ($0.14) per diluted share.

  • Worldwide net sales decreased by 10% to $711.6 million, or 9% in constant currency.
  • Gross profit totaled $307.9 million, with gross margin decreasing to 43.3%, impacted by inventory valuation charges.
  • Operating loss was $0.9 million, compared to operating income of $67.3 million in Q4 2018.
  • Net loss totaled $6.9 million, or ($0.14) per diluted share, compared to net income of $47.6 million, or $0.94 per diluted share, in Q4 2018.

Headline financials

Total Revenue

$712M

Previous: $787M-9.6%
EPS (adj)

$0.61

Previous: $1.01-39.6%
Capital Expenditures

$6.84M

Previous: $7.77M-12.0%
Free Cash Flow

$117M

Previous: $168M-30.2%
Net Income

-$6.9M

Previous: $47.6M-114.5%
Operating Income

-$900K

Previous: $67.3M-101.3%
Gross Profit

$308M

Previous: $417M-26.1%
Cash & Equivalents

$200M

Previous: $403M-50.4%
Total Assets

$1.6B

Previous: $1.58B+1.9%
Stock-Based Comp

$1.95M

Previous: $5.8M-66.4%

Revenue & EPS history

Fossil · Revenue · Quarterly

$712M

Q4 2019-9.6%vs Q4 2018
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Fossil · $225M total across 4 segments · Q1 2026

  • Watches
    $190M
  • Jewelry
    $20.1M
  • Leathers
    $10.6M
  • Other
    $3.52M

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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