Fossil Group, Inc. announced its financial results for the fiscal second quarter ended July 5, 2025, on August 13, 2025. The company reported worldwide net sales of $220 million, and a net loss of $2.3 million, or $0.04 per share. Crucially, Fossil delivered a positive operating income of $8 million, with an operating margin of 3.9%, marking a third consecutive quarter of positive adjusted operating income.
Gross margin expanded by 490 basis points to 57.5% compared to the prior year, reflecting the ongoing benefits of the turnaround plan. The company's constant currency adjusted operating income was $4 million, with a constant currency adjusted operating margin of 1.7%. These results reinforce the strength of the company's strategic initiatives.
Fossil Group raised its financial guidance for full year 2025, reflecting the strong year-to-date results and continued progress under its turnaround plan. The company's updated outlook anticipates further improvements in profitability. This positive momentum positions the company to make further progress toward building long-term shareholder value.
As of July 5, 2025, the company had total liquidity of $110.6 million, including $109.9 million in cash and cash equivalents. Inventories decreased by 11.9% year-over-year to $178.1 million, indicating effective inventory management. Total debt stood at $179.0 million.
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