Fossil CEO says turnaround is ahead of plan as sales return to growth
Fossil Group reported third-quarter 2026 results showing a swing to profit and its first positive sales growth since 2022. The company beat earnings and revenue estimates, prompting a roughly 20% rally in its shares. CEO Kosta Kartsotis stated the turnaround is ahead of plan, and the company raised its full-year 2026 operating margin guidance. The results were disclosed in a GlobeNewswire press release and an SEC Form 8-K filing dated 10 November 2026.
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- ✓ Fossil Group achieved its first positive sales growth in four years during the third quarter of 2026.
- ✓ The company swung to an adjusted profit in Q3 2026, beating analyst estimates for both earnings and revenue.
- ✓ Fossil shares rallied approximately 20% following the earnings announcement.
- ✓ CEO Kosta Kartsotis said the company's turnaround is ahead of plan.
What changed
Fossil reported Q3 2026 revenue growth for the first time in four years, swung to adjusted profitability, and raised its 2026 operating margin outlook.
Live updates
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Fossil Group posts first sales growth in four years, shares surge 20%
Fossil Group reported third-quarter 2026 results showing a swing to profit and its first positive sales growth since 2022. The company beat earnings and revenue estimates, prompting a roughly 20% rally in its shares. CEO Kosta Kartsotis stated the turnaround is ahead of plan, and the company raised its full-year 2026 operating margin guidance. The results were disclosed in a GlobeNewswire press release and an SEC Form 8-K filing dated 10 November 2026.
Why it matters
Fossil has struggled for years with declining watch sales and a shift toward smartwatches dominated by tech giants. A multi-year restructuring focused on cost cuts, brand rationalization, and a pivot to licensed brands and traditional watches. This quarter marks the first tangible evidence that the strategy is reversing the revenue slide, a critical milestone for investor confidence after a prolonged drought.
What is confirmed
- Fossil Group achieved its first positive sales growth in four years during the third quarter of 2026.
- The company swung to an adjusted profit in Q3 2026, beating analyst estimates for both earnings and revenue.
- Fossil shares rallied approximately 20% following the earnings announcement.
- CEO Kosta Kartsotis said the company's turnaround is ahead of plan.
- Fossil raised its full-year 2026 operating margin guidance.
- Results were released via GlobeNewswire and an SEC Form 8-K filed on 10 November 2026.
What to watch next
- Q4 2026 guidance and whether sales growth sustains into the holiday quarter
- Progress on licensed brand partnerships and smartwatch segment stabilization
- Any update on share repurchase or debt reduction plans mentioned in the earnings call
confidence 92%Sources used for this update (20)
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- Seeking Alpha — Fossil swings to a profit, achieves first positive sales growth in four years; shares rally 20%+ (FOSL:NASDAQ)
- GlobeNewswire — Fossil Group, Inc. Reports Third Quarter 2026 Financial Results
- marketscreener.com — Fossil Group Q3 Swings to Adjusted Earnings, Revenue Rises
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- GuruFocus — Fossil Group Inc (FOSL) Raises 2026 Operating Margin Guidance Am
- Yahoo Finance — Fossil Group (FOSL) Beats Q3 Earnings and Revenue Estimates
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