HIGHBuilt-inProduct / Revenue mix
82.3%
watches
“10-K Item 1: 'Sales of watches for fiscal years 2025, 2024 and 2023 accounted for approximately 82.3%, 78.4% and 77.6%, respectively, of our consolidated net sales'”
FOSL · Concentration risk · 10-K extracted
Fossil Group (FOSL) concentration risks
Updated
The most significant concentration Fossil Group discloses is watches at 82.3%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Fossil Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyProduct / Revenue mix
19.2%
MICHAEL KORS licensed product sales
“10-K Item 1: 'MICHAEL KORS product sales, which accounted for 19.2% of our consolidated net sales, and ARMANI product sales, which accounted for 10.1% of our consolidated net sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-11Fossil's concentration is chiefly one of product category, with a licensing overlay. Watches accounted for approximately 82.3% of consolidated net sales in fiscal 2025, up from 78.4% in fiscal 2024 and 77.6% in fiscal 2023. That is a high-share, structural exposure, and the trend shows it deepening: the company is increasingly a watch business, tied to the fortunes of a single discretionary category. Layered on top is a licensed-brand dependency. MICHAEL KORS product sales accounted for 19.2% of consolidated net sales, a low-share exposure, with ARMANI product sales at 10.1%. These are dependencies because the brands are licensed rather than owned, so renewal terms and brand health sit partly outside management's control. Together the exposures reinforce each other: the category that dominates sales is also where the licensed brands operate. The category risk is persistent and macro in nature, while the licensing risk is the idiosyncratic one that could move results abruptly. Both are disclosed in Item 1 of the 10-K.
For the engine’s reasoning on FOSL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Footwear & Accessories
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| NKE | Nike, Inc. | 3 | 0 | 0 | 3 |
| SHOO | Steven Madden, Ltd. | 2 | 1 | 0 | 3 |
| FWDI | Forward Industries, Inc. | 2 | 0 | 0 | 2 |
| DECK | Deckers Outdoor Corporation | 1 | 1 | 0 | 2 |
| FOSL● | Fossil Group, Inc. | 1 | 0 | 1 | 2 |
| CROX | Crocs, Inc. | 0 | 3 | 0 | 3 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.