CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Fossil Group Q3 results beat analyst estimates on product innovation

By Reuters News


Overview

  • U.S. lifestyle accessories maker's Q3 net sales rose 0.4% and beat analyst expectations

  • Adjusted EPS for Q3 beat analyst expectations

  • Company raised full-year 2026 outlook citing improved performance


Outlook

  • Fossil Group raises 2026 net sales outlook to $980 mln-$990 mln

  • Company expects 2026 adjusted operating margin between 5.5% and 6.5%

  • Fossil Group projects positive free cash flow for 2026


Result Drivers

  • PRODUCT INNOVATION - Co said sales growth was driven by strong consumer response to new products and marketing

  • GROSS MARGIN EXPANSION - Co attributed margin gains to lower licensed brand royalties, improved product margins, sourcing initiatives and reduced tariffs

  • COST REDUCTIONS - Operating expenses fell due to restructuring and efficiency programs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$271 mln

$248.66 mln (4 Analysts)

Q3 Adjusted EPS

Beat

$0.23

-$0.04 (4 Analysts)

Q3 EPS

$0.19

Q3 Adjusted Net Income

Beat

$14.20 mln

-$2.43 mln (4 Analysts)

Q3 Adjusted EBITDA

Beat

$36.70 mln

$13.79 mln (4 Analysts)

Q3 Gross Margin

59.80%

Q3 Adjusted Operating Income

Beat

$30 mln

$8.86 mln (4 Analysts)

Q3 Adjusted Operating Margin

11.00%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the apparel & accessories peer group is "buy"

  • Wall Street's median 12-month price target for Fossil Group Inc is $9.00, about 11.7% above its November 9 closing price of $8.06


Reuters Recommended Reads

  • Nov 10 - Sally Beauty Q4 sales slightly beat estimates on e-commerce growth

  • Nov 10 - Switzerland's On Holding Q3 net sales rise 17%, slightly beat estimates

  • Nov 9 - Dole Q3 revenue meets expectations on North America volumes


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.