Group 1 - Fossil Group, Inc. will report its fourth quarter and full year 2025 financial results on March 11, 2026, after market close [1] - A conference call to discuss the financial results will take place at 5:00 p.m. ET on the same day, accessible via the company's investor relations website [1] - The call will be archived for replay, allowing investors to access the information at a later time [1] Group 2 - Fossil Group, Inc. specializes in lifestyle accessories, including watches, jewelry, handbags, small leather goods, belts, and sunglasses [2] - The company operates a diverse portfolio of both owned and licensed brands, such as Fossil, Michele, Relic, Skagen, Zodiac, Armani Exchange, Diesel, Emporio Armani, Michael Kors, Skechers, and Tory Burch [2] - Fossil Group is committed to design and innovation, supported by an extensive distribution network across various geographies, categories, and channels [2]

The company has picked The offering is expected to consist of a A listing would position the brewer alongside a growing number of multinational companies tapping Indian markets to capitalize on higher local valuations. Hyundai Motor Co., LG Electronics Inc. and Pernod Ricard SA, the maker of Absolut vodka and Chivas Regal Scotch whisky, is also considering a listing of its Indian business. Companies including Bonfiglioli Transmission Pvt., Hindustan Coca-Cola Beverages and Fossil Group Inc. are among other ...

Core Insights - Fossil Group, Inc. has appointed Shannon Freeze as Chief People and Communications Officer, effective February 23, 2026, reporting to CEO Franco Fogliato [1][2] - Freeze will oversee global communications, engagement, diversity, human resources, talent management, and total rewards [1] Group 1: Leadership Appointment - Shannon Freeze brings extensive international experience and a diverse industry background to Fossil Group [2] - Her previous role was at Texas Instruments, where she held various HR leadership positions for 13 years [3] - Freeze aims to enhance the company's talent strategy and leadership effectiveness while supporting its long-term strategic plan [4] Group 2: Company Overview - Fossil Group, Inc. specializes in lifestyle accessories, including watches, jewelry, handbags, and more [5] - The company operates under a diverse portfolio of owned and licensed brands, including Fossil, Michele, and Michael Kors [5] - Fossil Group is committed to design and innovation across its brand offerings and has a broad distribution network [5]

Core Insights - Magna Terra Minerals Inc. has completed its trenching program at the Fossil Hill Zone of the Rocky Brook Project, revealing significant copper mineralization [1][9] - The project is strategically located near Canadian Copper Inc.'s Caribou Mill Complex, enhancing its potential for additional copper-rich deposits [9][10] Trenching Program Results - The trenching program targeted historical grab samples with high copper grades, including 16.65% and 13.84% copper and 0.64% cobalt [2] - Three trenches (T4, T7, and T8) were excavated, totaling 245 meters, with in situ copper mineralization observed in each trench, including a notable 40-meter zone in trench T8 [2][3] Geological Findings - The trenches exposed mafic volcanic and breccia rocks of the Armstrong Formation, with mineralization consisting of malachite, chalcopyrite, and native copper [3] - A total of 93 samples were collected, including 68 grab samples of bedrock and 14 channel samples, with mineralization observed over significant lengths in trenches T4 and T7 [3][4] Future Plans - Stripped sections of the trenches will remain exposed for further mapping and sampling in spring, with analytical results pending from ALS Canada Ltd. [4] - The company plans to advance multiple high-priority targets throughout the Rocky Brook Project in 2026, including areas near the Restigouche Property [9][10] Project Overview - The Rocky Brook Project covers 28,089 hectares and is one of the largest landholders in the Bathurst Mining Camp, known for its rich mineral deposits [10][11] - The project is adjacent to significant historical mining operations and has shown potential for polymetallic mineralization, including copper, cobalt, lead, zinc, gold, and silver [10][12]

Core Insights - Insiders made significant purchases of Fossil Group stock in November, indicating confidence in the company's future despite a mixed earnings report [2][6] - The watch market remains weak but shows signs of recovery, with Fossil Group maintaining a strong brand image and operational improvements [3][4] - Debt restructuring has led to a credit upgrade and improved market confidence, positioning the company for growth [4][6] Company Performance - Fossil Group's revenue declines were less severe than anticipated, but margins were weaker due to tariffs and minimum royalties [2][3] - The company has achieved milestones in its transformation, including debt restructuring and balance sheet improvements [2][3] - Insider purchases totaled over $700,000, bringing total insider holdings to nearly 8% of the stock, reflecting increased confidence [6] Market Dynamics - The watch market is currently weak, but Fossil Group ranks highly among consumers and is expected to rebound as operational quality improves [3][4] - Institutional buying activity has been strong, with a net accumulation of stock at a rate of $3.60 per $1 sold, suggesting potential for a short-covering rally [7] - Short interest stands at 10.5%, which may contribute to volatility and a potential rally as shorts cover their positions [8]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Mobile-Network Solutions (MNDR) is up 96% at $3.26 - PACS Group, Inc. (PACS) is up 44% at $24.37 - Cerence Inc. (CRNC) is up 28% at $10.16 - Magnera Corporation (MAGN) is up 26% at $10.07 - Oddity Tech Ltd. (ODD) is up 17% at $43.75 - Allot Ltd. (ALLT) is up 14% at $9.80 - Artiva Biotherapeutics, Inc. (ARTV) is up 14% at $3.88 - Kulicke and Soffa Industries, Inc. (KLIC) is up 13% at $40.22 - Fossil Group, Inc. (FOSL) is up 12% at $2.29 - NVIDIA Corporation (NVDA) is up 5% at $195.84 [3] Premarket Losers - Brera Holdings PLC (SLMT) is down 33% at $3.84 - Bath & Body Works, Inc. (BBWI) is down 14% at $18.04 - Cemtrex, Inc. (CETX) is down 11% at $3.20 - Atkore Inc. (ATKR) is down 9% at $60.00 - Gloo Holdings, Inc. (GLOO) is down 9% at $7.30 - SMX (Security Matters) Public Limited Company (SMX) is down 9% at $4.60 - Sonim Technologies, Inc. (SONM) is down 8% at $7.31 - Psyence Biomedical Ltd. (PBM) is down 7% at $2.56 - MMTec, Inc. (MTC) is down 6% at $2.00 - Ridgetech, Inc. (RDGT) is down 5% at $4.78 [4]

Core Viewpoint - Fossil Group, Inc. has faced significant operational challenges leading to a decline in stock performance and financial metrics, reflecting investor concerns about the retail environment and company strategy [1][2]. Financial Performance - For Q3 fiscal 2025, Fossil reported an adjusted net loss of $0.63 per share, compared to a loss of $0.56 per share in the previous year [2]. - Net sales were $270.2 million, down 6.1% from $287.8 million year-over-year, with a constant currency sales drop of 7.1% [2]. - The company incurred a net loss of $39.9 million, widening from a loss of $32 million in the prior-year period [3]. Profitability Metrics - Gross profit decreased by 6.9% to $132.4 million, with gross margin slightly contracting to 49% from 49.4% [4]. - Operating expenses fell 7.5% year-over-year to $154.1 million, but the operating loss remained substantial at $21.7 million [4]. - On an adjusted constant currency basis, operating loss narrowed to $14.9 million from $22 million in Q3 2024, improving the operating margin to -5.5% from -7.6% [4]. Segment Performance - Net sales in constant currency declined 9% in the Americas and 10% in Europe, while Asia saw a 2% increase [5]. - Traditional watch sales dipped 1%, while leather and jewelry segments experienced declines of 37% and 23%, respectively [5]. - Wholesale sales grew 3% in constant currency, partially offsetting the weakness in direct-to-consumer channels [5]. Management Commentary - CEO Franco Fogliato described the quarter as one of "progress and momentum" in Fossil's turnaround strategy, emphasizing improvements in product margins and a shift to a consumer-centric model [6]. - The completion of balance sheet actions was highlighted as a "pivotal milestone" for long-term growth [6]. Drivers Behind the Numbers - The sales decline was largely attributed to store rationalization efforts and challenges in the direct-to-consumer channel, with store closures accounting for approximately three percentage points of the sales decline [7]. - Increased tariffs and higher licensed brand royalty costs contributed to gross margin compression, though these were partially offset by cost savings from restructuring initiatives [7]. Guidance - Fossil reiterated its full-year 2025 guidance, expecting a mid-teens decline in worldwide net sales and an adjusted operating margin ranging from break-even to slightly positive [9]. - The revenue forecast includes a $45 million headwind from retail store closures, excluding foreign currency fluctuations [9]. Other Developments - Fossil completed a major restructuring of its balance sheet, extending debt maturity by three years and generating $32.5 million in new financing [10]. - The company closed 50 stores during the quarter, reducing the global store count by 19% to 204 from 251 [11].

Group 1 - The analyst team has a proven track record of outperforming across all market conditions, achieving an annualized return of almost 40% over the past decade with a long-only model portfolio return of over 23 times [1] - The focus of the research includes energy, shipping, and offshore markets, indicating a specialization in sectors that may offer significant investment opportunities [1] - The company offers income-focused picks for investors preferring lower-risk firms with steady dividend payouts, highlighting a strategy for risk-averse investors [1] Group 2 - The analyst has a historical focus on tech stocks but has expanded coverage to include the offshore drilling and supply industry, as well as the shipping industry, indicating a diversification of investment interests [2] - The analyst's background includes experience as an auditor for PricewaterhouseCoopers and navigating significant market events such as the dotcom bubble and the subprime crisis, showcasing a depth of experience in market analysis [2] - The analyst aims to deliver high-quality research to the Seeking Alpha community, emphasizing a commitment to providing valuable insights [2]

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Financial Data and Key Metrics Changes - Third-quarter net sales totaled $267 million, down 7% in constant currency compared to the prior year, slightly ahead of expectations [18] - Gross margin in Q3 was 48.7%, down 70 basis points year-over-year, but underlying gross margins improved compared to the prior year [18][20] - Adjusted operating loss for Q3 narrowed to $15 million from $22 million a year ago, with expectations for a break-even to slightly positive adjusted operating margin for the full year [22][25] Business Line Data and Key Metrics Changes - Traditional watch sales for the Fossil brand in Q3 were up high double digits, outperforming the market [5][6] - The wholesale channel grew mid-single digits globally, with notable strength in EMEA and Asia regions [12] - The company reported a 26% year-over-year reduction in inventory, aligning with a 7% sales decline [23][34] Market Data and Key Metrics Changes - The U.S. watch market showed low single-digit growth, with department and specialty store channels up low double digits [5] - In Asia, India and Japan experienced double-digit growth, while China remained under pressure [12][33] - The company noted a positive performance in the Asia region, particularly in traditional watches and jewelry, with gross margin expansion [32] Company Strategy and Development Direction - The company has successfully transformed its balance sheet, extending debt maturity to 2029 and bringing in over $32 million of new capital [4][24] - The turnaround plan focuses on three pillars: strengthening the core brand, right-sizing the cost structure, and improving the balance sheet [8][16] - The company is committed to a full-price selling model, which has improved margin architecture and reduced promotional activity [19][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the path to profitable growth, reiterating financial guidance for the full year [17][25] - The company acknowledged ongoing challenges in the macro environment, particularly in China, but remains optimistic about growth in other regions [33] - Management highlighted the importance of disciplined expense management and working capital improvements [22][23] Other Important Information - The company has appointed Devin Leong as General Manager for Asia, expected to enhance market presence and accelerate growth [12] - The Nick Jonas campaign has generated nearly 6 billion impressions and is attracting a younger demographic [9][10] - The company is focusing on brand investment and enhancing visibility through media and PR partnerships [11] Q&A Session Summary Question: What is driving the gap between wholesale growth and store comps? - Management clarified that the decline in store comps refers to direct-to-consumer performance, which has been intentionally reduced to improve margins [27][28] Question: Can you provide insights on the performance in Asia? - Management noted strong performance in India and Japan, while China remains challenging, with a focus on reducing promotional activity to improve gross margins [32][33] Question: What initiatives are driving inventory improvements? - Management highlighted tighter inventory control and a focus on key products, resulting in a significant reduction in SKUs and improved gross margins [34][37]