Fossil Group, Inc.
Income Statement
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $1.14B | $1.41B | $1.68B | $1.61B | $2.22B | $2.54B | $2.79B |
| Cost of Revenue | $441.3M | $547.8M | $732.8M | $851.8M | $843.0M | $1.12B | $1.20B | $1.43B |
| Gross Profit | $563.1M | $597.2M | $679.6M | $830.7M | $770.4M | $1.10B | $1.34B | $1.36B |
| Gross Margin | 56.1% | 52.2% | 48.1% | 49.4% | 47.7% | 49.6% | 52.7% | 48.7% |
| Operating Expenses | ||||||||
| Research & Development | $0 | $0 | $19.4M | $29.1M | $25.9M | $32.4M | $38.2M | $42.8M |
| SG&A Expense | $540.1M | $638.8M | $777.2M | $823.7M | $835.1M | $1.07B | $1.22B | $1.33B |
| Operating Income | $-19.1M | $-103.9M | $-143.0M | $-1.5M | $-135.3M | $-28.4M | $62.7M | $-424.3M |
| Operating Margin | -1.9% | -9.1% | -10.1% | -0.1% | -8.4% | -1.3% | 2.5% | -15.2% |
| Interest Expense | — | — | $21.8M | $19.2M | $31.8M | $29.9M | $42.5M | $43.2M |
| Pretax Income | $-49.8M | $-118.1M | $-156.1M | $-22.1M | $-172.0M | $-31.3M | $20.2M | $-453.8M |
| Income Tax Expense | $28.1M | $-11.8M | $522.0K | $21.4M | $-76.0M | $18.7M | $21.1M | $19.8M |
| Net Income | $-77.8M | $-106.3M | $-156.7M | $-43.5M | $-95.9M | $-50.0M | $-938.0K | $-473.6M |
| Net Margin | -7.7% | -9.3% | -11.1% | -2.6% | -5.9% | -2.3% | 0.0% | -17.0% |
| EPS (Basic) | $-1.45 | $-1.94 | $-3.00 | $-0.85 | $-1.88 | $-1.04 | $-0.07 | $-9.87 |
| EPS (Diluted) | $-1.45 | $-1.94 | $-3.00 | $-0.85 | $-1.88 | $-1.04 | $-0.07 | $-9.87 |
| Shares Outstanding (Basic) | 54.1M | 53.0M | 52.3M | 51.8M | 51.1M | 50.2M | 49.2M | 48.5M |
| Shares Outstanding (Diluted) | 54.1M | 53.0M | 52.3M | 51.8M | 51.1M | 50.2M | 49.2M | 48.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |