Fossil Q2 FY26 net loss widens to $10.6 million; net sales fall 4.9% to $209.7 million
Reuters2026/08/12 20:22- Fossil posted a net loss of $10.6 million, or $0.18 a share, versus a year-earlier net loss of $2.3 million.
- Net sales fell 4.9% to $209.7 million, reflecting a 14.6% drop in direct-to-consumer sales.
- Gross margin widened 4.9 percentage points to 62.4% on improved product margins, partly offset by earlier licensed-brand minimum royalty recognition.
- Operating income slid to $3.2 million from $8.5 million, while interest expense climbed to $8.3 million from $4.3 million.
- Full-year outlook was raised, projecting net sales down 3% to 5%, adjusted operating margin of 4% to 6%, positive free cash flow.
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