← Fossil Group, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.8b | $2.5b | $2.2b | $1.6b | $1.6b | $1.7b | $1.4b | $1.1b | $1.0b | $1.0b | |
| Cost of Revenue | $1.4b | $1.2b | $1.1b | $843.0m | $843.0m | $851.8m | $732.8m | $547.8m | $441.3m | $441.3m | |
| Cost of sales | $1.4b | $1.2b | $1.1b | — | $843.0m | $903.7m | $732.8m | $547.8m | — | $441.3m | |
| Gross Profit | $1.4b | $1.3b | $1.1b | $770.4m | $770.4m | $830.7m | $679.6m | $597.2m | $563.1m | $563.1m | |
| Operating Expenses | $1.8b | $1.3b | $1.1b | $905.7m | — | $832.2m | $822.6m | $701.1m | $582.2m | — | |
| Total operating expenses | $1.8b | $1.3b | $1.1b | — | $905.7m | $873.7m | $822.6m | $701.1m | — | $582.2m | |
| Operating Income (Loss) | ($424.3m) | $62.7m | ($28.4m) | ($135.3m) | ($135.3m) | ($1.5m) | ($143.0m) | ($103.9m) | ($19.1m) | ($19.1m) | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $13.5m | $11.9m | $7.1m | $7.1m | — | $2.5m | $900k | $900k | $700k | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $7.8m | ($5.8m) | $3.9m | ($6.5m) | — | ($218k) | $3.0m | ($1.3m) | ($9.5m) | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $359.5m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($517.2m) | ($102.8m) | ($142.1m) | ($163.3m) | — | ($43.9m) | ($130.6m) | ($148.0m) | ($127.1m) | — | |
| Income (Loss) from Equity Method Investments | ($460k) | ($558k) | ($371k) | ($345k) | — | ($132k) | ($11k) | — | — | — | |
| Interest Income, Operating | $4.7m | $2.6m | $2.1m | $573k | — | $772k | $3.2m | $4.4m | $1.7m | — | |
| Long-lived asset impairments | — | — | — | — | — | $2.3m | $2.2m | $2.5m | — | $1.5m | |
| Income (loss) before income taxes | ($453.8m) | $20.2m | ($31.3m) | — | ($172.0m) | $53.1m | ($156.1m) | ($118.1m) | — | ($49.8m) | |
| Provision (benefit) for income taxes | $19.8m | $21.1m | $18.7m | — | ($76.0m) | $26.4m | $522k | ($11.8m) | — | $28.1m | |
| Currency translation adjustment | $37.4m | ($10.4m) | ($5.6m) | — | $19.3m | ($14.4m) | $6.8m | ($4.8m) | — | $23.7m | |
| Cash flow hedges - net change | ($20.4m) | $20.7m | ($5.6m) | — | ($2.1m) | $3.5m | ($709k) | $124k | — | ($474k) | |
| Pension plan activity | $2.2m | $3.3m | ($4.7m) | — | $4.6m | $2.6m | ($6.2m) | ($1.5m) | — | ($464k) | |
| Less: Comprehensive income (loss) attributable to noncontrolling interest | $4.6m | $2.5m | $2.4m | — | $155k | $1.2m | $429k | ($3.6m) | — | $462k | |
| Comprehensive income (loss) attributable to Fossil Group, Inc. | ($459.0m) | $10.1m | ($68.3m) | — | ($74.4m) | $17.1m | ($157.2m) | ($108.9m) | — | ($55.6m) | |
| Basic (in shares) | $48.5m | $49.2m | $50.2m | — | $51.1m | $52.0m | $52.3m | $53.0m | — | $54.1m | |
| Diluted (in shares) | $48.5m | $49.2m | $50.2m | — | $51.1m | $52.8m | $52.3m | $53.0m | — | $54.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($453.8m) | $20.2m | ($31.3m) | ($172.0m) | — | ($22.1m) | ($156.1m) | ($118.1m) | ($49.8m) | — | |
| Total other comprehensive income (loss) | $19.2m | $13.6m | ($15.9m) | — | $21.7m | ($8.4m) | ($87k) | ($6.2m) | — | $22.7m | |
| Total comprehensive income (loss) | ($454.4m) | $12.6m | ($65.9m) | — | ($74.2m) | $18.2m | ($156.7m) | ($112.5m) | — | ($55.1m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($478.2m) | ($3.5m) | ($52.4m) | ($96.1m) | ($96.1m) | ($44.2m) | ($157.1m) | ($102.7m) | ($78.3m) | ($78.3m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.6m | $2.5m | $2.4m | $155k | — | $631k | $429k | ($3.6m) | $462k | — | |
| Less: Net income (loss) attributable to noncontrolling interest | $4.6m | $2.5m | $2.4m | — | $155k | $1.2m | $429k | ($3.6m) | — | $462k | |
| Earnings Per Share, Basic | ($9.87) | ($0.07) | ($1.04) | ($1.88) | ($1.88) | ($0.85) | ($3.00) | ($1.94) | ($1.45) | ($1.45) | |
| Earnings Per Share, Diluted | ($9.87) | ($0.07) | ($1.04) | ($1.88) | ($1.88) | ($0.85) | ($3.00) | ($1.94) | ($1.45) | ($1.45) | |
| Weighted Average Number of Shares Outstanding, Basic | 48.5m | 49.2m | 50.2m | 51.1m | — | 51.8m | 52.3m | 53.0m | 54.1m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 48.5m | 49.2m | 50.2m | 51.1m | — | 51.8m | 52.3m | 53.0m | 54.1m | — | |
| Research and Development Expense | $42.8m | $38.2m | $32.4m | $25.9m | — | $29.1m | $19.4m | $0 | $0 | — | |
| Selling, General and Administrative Expense | $1.3b | $1.2b | $1.1b | $866.7m | — | $823.7m | $777.2m | $638.8m | $540.1m | — | |
| Selling, general and administrative expenses | $1.3b | $1.2b | $1.1b | — | $866.7m | $842.6m | $777.2m | $638.8m | — | $540.1m | |
| Other Nonoperating Income (Expense) | $13.7m | ($38k) | $27.0m | ($4.8m) | — | ($1.4m) | $8.7m | $4.9m | ($10.4m) | — | |
| Labor and Related Expense | — | — | — | — | — | — | — | $297.2m | $274.5m | — | |
| Restructuring expenses | $48.2m | $46.6m | $29.6m | — | $36.5m | $21.9m | $43.3m | $59.8m | — | $40.6m | |
| Other income (expense) - net | $13.7m | ($38k) | $27.0m | — | ($4.8m) | ($14.5m) | $8.7m | $4.9m | — | ($10.4m) | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | $19.0m | $20.2m | — | |
| Interest Expense | $43.2m | $42.5m | $29.9m | $31.8m | $31.8m | $19.2m | $21.8m | $19.0m | — | $20.2m | |
| Current Income Tax Expense (Benefit) | $69.2m | $19.4m | $28.1m | ($80.4m) | — | $15.7m | $4.4m | ($9.3m) | $21.2m | — | |
| Income Tax Expense (Benefit) | $19.8m | $21.1m | $18.7m | ($76.0m) | — | $21.4m | $522k | ($11.8m) | $28.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.