Filing Flows › Fossil Group (FOSL) › Q4 2024
Fossil Group (FOSL) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 12, 2025
Fossil Group (FOSL) reported revenue of $342M for the fourth quarter 2024 (Q4 2024), -19% from a year earlier and +19% from the quarter before. Operating margin was -4.8%, net loss $11.2M (3.3% of revenue).
Fossil Group, Q4 2024: revenue $342M (-19% year over year), operating margin -4.8%, net loss $11.2M, operating cash flow $30.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $342M | +19% | -19% |
| Operating profit | −$16.3M | — | — |
| Net earnings | −$11.2M | — | — |
| Operating cash flow | $30.5M | — | -37% |
| Free cash flow | $28.5M | — | -40% |
What changed
Revenue was $342.3M in Q4 2024, down 19% year over year and up 19% from the previous quarter. Traditional watches was the largest line at 79% of revenue.
Gross margin was 53.9%, up 6.3 points from a year earlier. Operating costs exceeded revenue by $16.3M, an operating margin of -4.8%. Operating expenses fell 11% while revenue fell 19%. The fastest-growing cost line was Other operating costs (+71%). The quarter ended with a net loss of $11.2M, narrower than the previous quarter's $31.9M loss. Minority interests bore $3.6M of it: to shareholders the quarter was a loss of $7.6M. Net interest and other expense of $9.0M was the main reason.
Operating cash flow was $30.5M (down 37% year over year). Non-cash charges added back $3.8M of depreciation and amortization and $719K of share-based compensation. Working capital and other items added $37.2M. Capital expenditures of $2.0M left free cash flow of $28.5M.
Questions
What was Fossil Group's revenue in the fourth quarter 2024?
Fossil Group (FOSL) reported revenue of $342M for the fourth quarter 2024 (Q4 2024), -19% from a year earlier and +19% from the quarter before.
Was Fossil Group profitable in the fourth quarter 2024?
Operating loss was $16.3M (-4.8% of revenue) and net loss $11.2M.
Source: Fossil Group 10-K on SEC EDGAR.