# Fossil CEO says turnaround is ahead of plan as sales return to growth

- URL: https://talkfuse.com/story/fossil-ceo-says-turnaround-is-ahead-of-plan-as-sales-return-to-growth/
- Published: 2026-11-10T22:39:30+00:00
- Updated: 2026-11-11T07:12:55+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/10/fossil-fosl-q3-2026-earnings.html
- Topics: Business, Companies

## Key points

- Fossil returned to profit and recorded slight sales growth.
- Traditional watch sales rose 6.4%.
- The company raised its full-year sales outlook.

## Summary

Fossil Group reported a return to quarterly profitability and slight sales growth, early signs that its turnaround strategy may be gaining traction. The watchmaker has struggled for years to compete with smartwatches and address falling sales, debt and reduced shopping-centre footfall.

For the quarter ended 3 October, operating income was $25.3 million, compared with a $21.7 million loss a year earlier, while net sales rose 0.4% to $271.2 million. Net income was $11.7 million, or 19 cents a share, and operating expenses fell 11.1% to $137 million. Fossil raised its annual sales forecast to $980 million to $990 million and expects positive free cash flow by year-end; traditional watch sales rose 6.4%, while sales in Asia increased 15.1%.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.