FOSL News & Events

Geopolitical risk premium remained a headwind to investor sentiment on Wednesday as traders took stock of potential threats to the West Coast utility infrastructure from Iranian drones and also comments from Iranian military warning that the world should "get ready for $200 a barrel".  Energy was by far the best performing sector in the S&P 500, and that remains so in the evening session, with WTI Crude Oil contract up over 6% above $92.50 per barrel.  Oil price remains the key barometer with a strengthened inverse correlation to equity indices - in the opening hour, S&P 500 and Nasdaq 100 contracts are both down by 0.7%.Earnings season is over, though the markets are still reacting to Q4 reports trickling in among some notable tech names.  Strong results from Oracle helped the stock to lead the S&P 500 today with a 9% jump, though this evening's quarterly updates from select software stocks with AI exposure saw more muted reactions - UiPath was down 5% while cybersecurity provider Netscope was down nearly 20% despite above-consensus numbers.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Tilly'sup 74.2%Bumbleup 18.7%Petco Health and Wellnessup 6.3%Fossil Groupup 5.8%Viant Technologyup 4.2%Digimarcup 2.3%DOWN AFTER EARNINGS -Netskopedown 17.2%Flotek Industriesdown 8.6%HighPeak Energydown 7.7%Culpdown 5.9%UiPathdown 4.6%ALSO LOWER -GlobalFoundriesdown 4.7% after equity offering

Fossil up 10% at $4.54 after Q4 results and guidance

The Company is providing the following financial guidance for full year 2026: "Worldwide net sales are expected to decline 4% to 6%, with a return to growth in the fourth quarter; Adjusted operating margin is expected to be in the range of 3% to 5%; Break-even free cash flow."

Reports Q4 revenue $280.5M vs. $342.3M last year. "The bold initiatives under the Turnaround Plan we announced one year ago gained traction quickly, enabling us to deliver operating and financial performance above our expectations for 2025," said Franco Fogliato, CEO. "We focused on our core brands, channels and geographies, improved our cost structure and strengthened our balance sheet. We have more work ahead, but we have entered 2026 from a position of strength, with sustained momentum. As we continue to advance our brand-led, consumer-focused operating model, we are entering the next evolution of our Turnaround Plan - designed to return the Company to top line growth, meaningfully improve profitability and build long-term shareholder value."