Fossil Group Reports Q3 2026 Profit Growth and Raises Full Year Guidance
Fossil Group (FOSL) reported a significant turnaround in its third quarter of 2026, posting a net income of $11.7 million compared to a substantial loss in the prior year period. The company achieved net sales of $271.2 million, supported by a strong performance from the Fossil brand and expansion in Asian markets, particularly India. Gross margins saw a notable expansion of 10.8 percentage points due to reduced royalty obligations and improved product margins. Driven by these results, management raised its full-year revenue guidance to a range of $980 million to $990 million and increased its adjusted operating margin outlook. While the company faces headwinds in Europe due to regional conflicts and rising interest expenses on debt, strategic moves such as extending the Diesel license through 2032 and optimizing its store footprint suggest a focus on long-term profitability and operational efficiency.
Tickers: $FOSL
Topics: gross margin net sales operating income regional performance revenue guidance