Earnings ·
Fossil posts $0.19 EPS on Q3 sales of $271M, raises full-year outlook
FOSLFossil Group, Inc.
Fossil Group reported third-quarter net income of $11.7 million, or $0.19 per diluted share, compared to a loss of $39.9 million in the prior year period. Worldwide net sales totaled $271.2 million, up 0.4% on a reported basis and 2.0% in constant currency. Gross margin expanded significantly by 10.8 percentage points to 59.8%, driven by reduced licensed brand minimum royalties and improved product margins. Operating income turned positive at $25.3 million against an operating loss of $21.7 million a year ago, supported by lower restructuring costs and SG&A efficiencies. The company raised its full-year 2026 financial outlook, projecting worldwide net sales between $980 million and $990 million and adjusted operating margins of 5.5% to 6.5%. Fossil Group is a global design, marketing, distribution and innovation company specializing in lifestyle accessories including watches, jewelry, handbags and small leather goods.