<ARTICLE> 5 <LEGEND> Part I Item Financial Statements of Fossil, Inc. and subsidiaries as of and for the twenty-seven and one-half weeks ended July 5, 1997 filed on form 10-Q. </LEGEND> <CIK> 0000883569 <NAME> FOSSIL, INC. <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> 6-mos <FISCAL-YEAR-END> Jan-03-1998 <PERIOD-START> Jan-01-1997 <PERIOD-END> Jul-05-1997 <EXCHANGE-RATE> 1 <CASH> 10,954,366 <SECURITIES> 0 <RECEIVABLES> 33,527,028 <ALLOWANCES> 4,000,961 <INVENTORY> 51,707,828 <CURRENT-ASSETS> 100,269,455 <PP&E> 28,257,005 <DEPRECIATION> 9,032,228 <TOTAL-ASSETS> 124,515,587 <CURRENT-LIABILITIES> 37,122,732 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 134,387 <OTHER-SE> 81,974,643 <TOTAL-LIABILITY-AND-EQUITY> 124,515,587 <SALES> 104,381,178 <TOTAL-REVENUES> 104,381,178 <CGS> 54,881,744 <TOTAL-COSTS> 92,142,937 <OTHER-EXPENSES> 0 <LOSS-PROVISION> (291,184) <INTEREST-EXPENSE> 496,716 <INCOME-PRETAX> 11,178,527 <INCOME-TAX> 4,570,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,608,527 <EPS-PRIMARY> 0.48 <EPS-DILUTED> 0