Fossil's Mixed Q3: Revenue Up, Losses Down, but Investors Worry
Update: 2025-11-14
Description
Fossil Groups shares plummeted by 14% following disappointing Q3 results, despite exceeding revenue expectations. The company reported an adjusted loss of $0.63 per share, surpassing analysts predictions of a $0.25 loss. Traditional watch sales dipped slightly, while leathers and jewelry categories saw significant declines. Despite these challenges, CEO Franco Fogliato expressed satisfaction with the companys turnaround progress and recent balance sheet transformation.
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