Fossil Group Shares Surge 27% As Company Swings To Q3 Profit, Raises Outlook

Fossil Group reported its first revenue growth since 2022, with Q3 net sales of $271.2M, up 0.4% YoY. The stock surged 28% to $10.07 after beating expectations. The company raised its 2026 outlook and improved margins through cost cuts. Growth was driven by Asia and wholesale, while Europe and direct-to-consumer sales declined.

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Fossil Group (FOSL) reported Q3 adjusted earnings of $0.23/share, beating expectations, and raised its full-year sales forecast to $980M-$990M. Revenue grew 0.4% YoY to $271.2M, with improved margins and reduced expenses. Management highlighted demand for new products and cost management. The company expects positive net income and free cash flow for 2026.

Fossil Group (FOSL) stock rose 26.8% to $9.98, hitting a 4-year high after reporting better-than-expected Q3 earnings and raising its full-year outlook. The company's first quarterly profit in years drove the surge, with CEO Franco Fogliato citing turnaround efforts ahead of schedule. Short interest and options activity also contributed to the rally.

Fossil reported a 0.4% increase in net sales to $271.2M for Q3, its first revenue growth since Q1 2022. Shares rose over 20% in after-hours trading, reaching around $9.45. CEO Franco Fogliato cited turnaround efforts, while gross margins improved to 59.8%. The company extended its partnership with Nick Jonas through 2028.

Fossil Group's (FOSL) shares rose 16.9% premarket after Q3 2026 earnings and revenue beat estimates. The company reported $0.19 adjusted EPS vs. expected loss, and revenue of $271.2M. Fossil raised full-year revenue guidance to $980M-$990M and adjusted operating margin to 5.5%-6.5%. The company also extended its Diesel licensing agreement through 2032.