Home New Look 2015 US’ Fossil raises FY26 outlook as Q3 profit rebounds

US’ Fossil raises FY26 outlook as Q3 profit rebounds

51

Fossil Group raised its FY26 outlook after returning to profit in Q3, with net income of $11.7 million versus a $39.9 million loss.
Net sales increased 0.4 per cent to $271.2 million, or 2 per cent in constant currency, led by Asia, wholesale and traditional watches.
It now expects FY26 net sales of $980-990 million, adjusted operating margin of 5.5-6.5 per cent and positive free cash flow.Fossil Group raised its FY26 outlook after returning to profit in Q3, with net income of $11.7 million versus a $39.9 million loss.
Net sales increased 0.4 per cent to $271.2 million, or 2 per cent in constant currency, led by Asia, wholesale and traditional watches.
It now expects FY26 net sales of $980-990 million, adjusted operating margin of 5.5-6.5 per cent and positive free cash flow.