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Fossil Group, Inc. (FOSL) reported a third-quarter adjusted net loss of 63 cents per share for the period ending October 4, 2025, wider than a loss of 56 cents per share a year earlier. The company’s net sales fell to $270.2 million, a 6.1% decrease from $287.8 million in the same quarter last year, attributed to a 22% drop in comparable retail sales within direct-to-consumer channels.
The company’s overall net loss was $39.9 million, up from a loss of $32 million in the prior-year period. Despite restructuring efforts and a reduction in operating expenses by 7.5% to $154.1 million, Fossil incurred a sizable operating loss of $21.7 million. Additionally, the company closed 50 stores during the quarter, reducing its global store count by 19% to 204.
Fossil expects a mid-teens decline in worldwide net sales for the full year 2025, factoring in approximately $45 million in losses due to retail store closures. The company acknowledged ongoing operational challenges but reiterated its commitment to a consumer-centric model and improving product margins.
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