Fossil Guides 2026 Net Sales Down 3-5%, Sees Q4 Return to Growth
FOSL has more than doubled off its 52-week low of $1.7.
Summary
Fossil Group now expects 2026 worldwide net sales to decline 3% to 5%, with a return to growth in the fourth quarter. This follows the Q2 2026 report filed earlier today, which showed gross margin up 490bps to 62.4% and raised full-year guidance. Q2 revenue fell 4.9% on store closures. The sales decline guidance tempers the positive margin story, indicating top-line pressure persists despite improved profitability. The Q4 growth expectation suggests management sees stabilization late in the year, but the full-year decline is a material negative for a company with a market cap around $311 million.
At the time of this announcement, FOSL was trading at $5.85 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $311.5M. The 52-week trading range was $1.70 to $6.16. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.