Earnings Releases·Nov 10, 2026, 4:08 PM ET

Fossil Group, Inc. — Third Quarter 2026 Earnings Summary

Worldwide net sales rose 0.4% to $271.2 million, while gross margin expanded 10.8 percentage points to 59.8% and operating income swung from a $21.7 million loss to a $25.3 million profit.
The company raised its full-year 2026 guidance, projecting net sales of $980–$990 million and an adjusted operating margin of 5.5%–6.5%, with expectations for positive full-year free cash flow.
Adjusted net income improved to $14.2 million ($0.23 per share) from an adjusted loss of $32.8 million, driven by an 11.1% reduction in operating expenses and lower restructuring costs.
Strategic store rationalization reduced the global footprint from 204 to 174 locations, negatively impacting sales by 190 basis points, though the Fossil brand grew 13.6% in constant currency.
Total liquidity stands at $111.7 million with $208.0 million in total debt, while inventories increased 13.4% to $189.2 million.