Filing Flows › Fossil Group (FOSL) › Q1 2025
Fossil Group (FOSL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Fossil Group (FOSL) reported revenue of $233M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -32% from the quarter before. Operating margin was -2.9%, net loss $17.9M (7.7% of revenue).
Fossil Group, Q1 2025: revenue $233M (-8% year over year), operating margin -2.9%, net loss $17.9M, operating cash flow −$60.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $233M | -32% | -8% |
| Operating profit | −$6.7M | — | — |
| Net earnings | −$17.9M | — | — |
| Operating cash flow | −$60.4M | -298% | — |
What changed
Revenue was $233.3M in Q1 2025, down 8% year over year and down 32% from the previous quarter. Traditional watches was the largest line at 79% of revenue. Leathers lost $10.4M year over year (down 38%), 48% of the total change.
Gross margin was 61.3%, up 8.9 points from a year earlier. Operating costs exceeded revenue by $6.7M, an operating margin of -2.9%. Operating expenses fell 8% while revenue fell 8%. The fastest-growing cost line was Other operating costs (+53%). The quarter ended with a net loss of $17.9M, wider than the previous quarter's $11.2M loss. Minority interests bore $274K of it: to shareholders the quarter was a loss of $17.6M.
Operating cash flow was −$60.4M. Non-cash charges added back $3.4M of depreciation and amortization and $593K of share-based compensation. Working capital and other items used $46.5M. Capital expenditures of $285K exceeded it, leaving free cash flow of −$60.6M.
Questions
What was Fossil Group's revenue in the first quarter 2025?
Fossil Group (FOSL) reported revenue of $233M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -32% from the quarter before.
Was Fossil Group profitable in the first quarter 2025?
Operating loss was $6.7M (-2.9% of revenue) and net loss $17.9M.
Source: Fossil Group 10-Q on SEC EDGAR.