Professional
Added to YB: 2025-04-04
Pitch date: 2025-04-02
FOSL [bullish]
Fossil Group, Inc.
+222.31%
current return
Author Info
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Company Info
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally.
Market Cap
$112.9M
Pitch Price
$1.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.82
P/E
-1.65
EV/Sales
0.32
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Pernas Research Speculative Position Initiated: Fossil Group, Inc.
FOSL speculative position: Resetting business - exiting smartwatches, cutting SG&A, focusing on wholesale. Q4 margins +630bps, positive adj. operating income. $100M more SG&A cuts by 2025. Michael Kors deal extended to 2027. $160M liquidity. Upside if execution continues. Baby bonds (FOSLL) 30% YTW, 10% yield.
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