Fossil Group, Inc.FOSLEarnings & Financial Report
Nasdaq · Consumer Discretionary · Watches, Clocks, Clockwork Operated Devices/Parts
Fossil Group, Inc., is an American fashion design and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.
What changed in Fossil Group, Inc.'s 10-K — 2021 vs 2022
Top changes in Fossil Group, Inc.'s 2022 10-K
2 paragraphs added · 2 removed · 2 edited across 1 sections
- Item 7. Management's Discussion & Analysis+2 / −2 · 2 edited
Item 7. Management's Discussion & Analysis
Management's Discussion & Analysis (MD&A) — revenue / margin commentary
2 edited+0 added−0 removed160 unchanged
Item 7. Management's Discussion & Analysis
Management's Discussion & Analysis (MD&A) — revenue / margin commentary
2 edited+0 added−0 removed160 unchanged
2021 filing
2022 filing
Our sales growth in traditional watches was partially offset by sales declines in smartwatches, due to fewer smartwatch liquidations of older generation product in fiscal year 2021 compared to fiscal year 2020, and as a result of certain of our brands exiting the smartwatch category.
Our sales growth in traditional watches was partially offset by sales declines in smartwatches, due to fewer smartwatch liquidations of older generation product in fiscal year 2021 compared to fiscal year 2020, and as a result of certain of our brands exiting the smartwatch category.
In connection with the repayment of the outstanding borrowings under the Term Credit Agreement, we incurred prepayment fees and accrued interest costs of $2.6 million and wrote off $7.1 million of debt issuance costs and $4.6 million of original issuance discount related to the Term Credit Agreement.
In connection with the repayment of the outstanding borrowings under the Term Credit Agreement, we incurred prepayment fees and accrued interest costs of $2.6 million and wrote off $7.1 million of debt issuance costs and $4.6 million of original issuance discount related to the Term Credit Agreement.