XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 05, 2025
Jun. 29, 2024
Jul. 05, 2025
Jun. 29, 2024
Income Statement [Abstract]        
Net sales $ 220,388 $ 259,991 $ 453,681 $ 514,874
Cost of sales 93,659 123,140 183,960 244,531
Gross profit 126,729 136,851 269,721 270,343
Operating expenses:        
Selling, general and administrative expenses 110,946 153,604 244,784 305,876
Other long-lived asset impairments 0 577 79 950
Restructuring expenses   16,673 23,116 26,726
Total operating expenses 118,241 170,854 267,979 333,552
Operating income (loss) 8,488 (34,003) 1,742 (63,209)
Interest expense 4,321 4,082 8,788 9,194
Other income (expense) - net (38) 1,450 (3,307) 5,338
Income (loss) before income taxes 4,129 (36,635) (10,353) (67,065)
Provision (benefit) for income taxes 6,230 2,208 9,598 (3,908)
Net income (loss) (2,101) (38,843) (19,951) (63,157)
Less: Net income (loss) attributable to noncontrolling interests 193 (58) (81) (76)
Net income (loss) attributable to Fossil Group, Inc. (2,294) (38,785) (19,870) (63,081)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment 11,511 (1,631) 20,802 (4,117)
Cash flow hedges - net change 0 107 (474) 753
Pension plan activity 0 0 0 (19)
Total other comprehensive income (loss) 11,511 (1,524) 20,328 (3,383)
Total comprehensive income (loss) 9,410 (40,367) 377 (66,540)
Less: Comprehensive income (loss) attributable to noncontrolling interests 193 (58) (81) (76)
Comprehensive income (loss) attributable to Fossil Group, Inc. $ 9,217 $ (40,309) $ 458 $ (66,464)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.04) $ (0.73) $ (0.37) $ (1.20)
Diluted (in dollars per share) $ (0.04) $ (0.73) $ (0.37) $ (1.20)
Weighted average common shares outstanding:        
Basic (in shares) 53,624 52,927 53,435 52,709
Diluted (in shares) 53,624 52,927 53,435 52,709