Fossil Group Inc's Suppliers recorded an increase in sales by 5.85 % year on year in Q2 2026, sequentially sales grew by 4.15 %, Fossil Group Inc's cost of sales deteriorated by -15.17 % year on year, relative to one quarter ago cost of sales fell by -12.34 % in Q2.
Fossil Group Inc's Suppliers recorded an increase in sales by 5.85 % year on year in Q2 2026, sequentially sales grew by 4.15 %, Fossil Group Inc's cost of sales deteriorated by -15.17 % year on year, compare to one quarter ago cost of sales fell by -12.34 % in Q2.
More than 60% of the watches we procured from Asia were assembled through our
two majority-owned entities. The remaining watches we procured from Asia were
assembled by approximately 50 unrelated factories located primarily in Hong Kong
and China, which includes almost all the production and assembly of our digital
and mass market watches. Our Swiss-made watches were assembled primarily in three
third-party factories in Switzerland. Approximately 60% of our jewelry products
were manufactured by one of our majority-owned entities. The remaining 40% of
our jewelry products were manufactured by approximately 25 factories located primarily
in China. Although we have no ownership interest in these unrelated watch and
jewelry factories, Fossil East maintains oversight and control of the supply chain
from design through final delivery of the finished product as it does with our
related factories. We believe substantial ownership of the assembly factories
that produce a majority of our fashion watches and jewelry is critical to our
operating model, as we believe this allows us to keep our designs proprietary,
control the size of our production runs and vertically manage our supply chain.
The principal components used in the assembly of our watches are cases, crystals,
dials, movements, hands, bracelets and straps. These components are obtained
from a large number of suppliers located principally in China, Hong Kong, India,
Italy, Japan, South Korea, Switzerland and Thailand. The majority of the movements,
cases, dials, bracelets and hands used in the assembly of our watches are supplied
by seven principal vendors. One vendor was responsible for supplying approximately
28%, of our case and bracelet components. Additionally, two vendors were responsible
for supplying approximately 88%. The principal materials used in the manufacture
of our jewelry products are base metals, stainless steel, semi-precious stones
or silver jewelry with 18K gold plating on top. These components are primarily
obtained from the same factories that we use for our watches. Except for the
one case and bracelet vendor and the two movement vendors noted above, we do
not believe that our business is materially dependent on any single component
supplier.
We believe that we have established and maintain close relationships with
a number of component manufacturers and assembly factories primarily located
in Hong Kong, China and Switzerland. The loss of any one of these manufacturers
could temporarily disrupt shipments of certain of our watch and jewelry products.
In addition, we believe that losing one or more of the watch assembly factories
or jewelry manufacturers could have a material impact on our ability to source
these products and meet our sales plans. Our future success will generally depend
upon our ability to maintain close relationships with, or ownership of, our
current watch assembly and jewelry manufacturing factories and to develop long-term
relationships with other manufacturers that satisfy our requirements for price,
quality and production flexibility.
Fossil Group Inc's Comment on Supply Chain
More than 60% of the watches we procured from Asia were assembled through our
two majority-owned entities. The remaining watches we procured from Asia were
assembled by approximately 50 unrelated factories located primarily in Hong Kong
and China, which includes almost all the production and assembly of our digital
and mass market watches. Our Swiss-made watches were assembled primarily in three
third-party factories in Switzerland. Approximately 60% of our jewelry products
were manufactured by one of our majority-owned entities. The remaining 40% of
our jewelry products were manufactured by approximately 25 factories located primarily
in China. Although we have no ownership interest in these unrelated watch and
jewelry factories, Fossil East maintains oversight and control of the supply chain
from design through final delivery of the finished product as it does with our
related factories. We believe substantial ownership of the assembly factories
that produce a majority of our fashion watches and jewelry is critical to our
operating model, as we believe this allows us to keep our designs proprietary,
control the size of our production runs and vertically manage our supply chain.
The principal components used in the assembly of our watches are cases, crystals,
dials, movements, hands, bracelets and straps. These components are obtained
from a large number of suppliers located principally in China, Hong Kong, India,
Italy, Japan, South Korea, Switzerland and Thailand. The majority of the movements,
cases, dials, bracelets and hands used in the assembly of our watches are supplied
by seven principal vendors. One vendor was responsible for supplying approximately
28%, of our case and bracelet components. Additionally, two vendors were responsible
for supplying approximately 88%. The principal materials used in the manufacture
of our jewelry products are base metals, stainless steel, semi-precious stones
or silver jewelry with 18K gold plating on top. These components are primarily
obtained from the same factories that we use for our watches. Except for the
one case and bracelet vendor and the two movement vendors noted above, we do
not believe that our business is materially dependent on any single component
supplier.
We believe that we have established and maintain close relationships with
a number of component manufacturers and assembly factories primarily located
in Hong Kong, China and Switzerland. The loss of any one of these manufacturers
could temporarily disrupt shipments of certain of our watch and jewelry products.
In addition, we believe that losing one or more of the watch assembly factories
or jewelry manufacturers could have a material impact on our ability to source
these products and meet our sales plans. Our future success will generally depend
upon our ability to maintain close relationships with, or ownership of, our
current watch assembly and jewelry manufacturing factories and to develop long-term
relationships with other manufacturers that satisfy our requirements for price,
quality and production flexibility.
FOSL's Suppliers Net Income grew by
FOSL's Suppliers Net margin grew in Q2 to
67.8 %
19.53 %
FOSL's Suppliers Net Income grew by 67.8 %
FOSL's Suppliers Net margin grew in Q2 to 19.53 %
Fossil Group Inc's Suppliers Sales Growth
in Q2 2026 by Industry
Sources:
Fossil Group inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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8.9 % 