Fossil Group Raises Full-Year Guidance Following Strong Q3 Results
Fossil Group (FOSL) has reported standout third-quarter results, characterized by a 2% increase in net sales to $276 million. The company saw significant margin improvements, with gross margins expanding to 59.9% and adjusted operating income rising to $30 million. Driven by brand momentum, management has raised its full-year outlook. Fossil now expects net sales to fall between $980 million and $990 million, with an adjusted operating margin projected in the range of 5.5% to 6.5%.
Tickers: $FOSL
Topics: earnings gross margin guidance increase revenue growth