Fossil Group Q2 revenue falls 4.9% on store closures
FOSL•Key quarterly figures and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $210 mln | $199.33 mln (2 Analysts) |
| Q2 Adjusted Net Loss | Beat | $7.9 mln | $24.43 mln (1 Analyst) |
| Q2 Adjusted EBITDA | Beat | $8.6 mln | -$4.39 mln (2 Analysts) |
| Q2 Gross Margin | 62.4% |
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell". The average consensus recommendation for the apparel & accessories peer group is "buy". Wall Street's median 12-month price target for Fossil Group Inc is $7.00, about 33.6% above its August 11 closing price of $5.24.
Q2 revenue declines as direct-to-consumer sales weaken
Fossil Group said second-quarter revenue fell 4.9% year over year, driven by a decline in direct-to-consumer sales.
- U.S. lifestyle accessories maker's Q2 revenue fell 4.9% yr/yr, driven by direct-to-consumer decline
- Gross margin rose 490 basis points to 62.4% on improved product margins and sourcing initiatives
- Company raised full-year 2026 outlook, sees return to top-line growth in Q4
2026 outlook raised on margin gains and cash flow expectations
Fossil raised its 2026 outlook and said it expects:
- net sales down 3% to 5%, with a return to growth in Q4
