Fossil Q2 2026 results benefit from full-price selling, lifting gross margin to 62.4% company says

Reuters2026/08/12 21:52

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Fossil posted Q2 net sales of USD 211 million, down 4%, as store closures cut sales by about 220 basis points.
Gross margin rose 490 basis points to 62.4%, driven by full-price selling, supply-chain gains, and lower tariffs.
Adjusted operating income doubled to about USD 9 million as margin expansion offset higher marketing spend.
Performance was supported by mid-single-digit U.S. growth, 4% Asia growth led by double-digit India gains, and 12% Fossil-brand wholesale watch growth.
Full-year outlook was raised, with net sales seen down 3%-5%, adjusted operating margin 4%-6%, and positive free cash flow expected.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fossil Group Inc. published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fossil Q2 2026 results benefit from full-price selling, lifting gross margin to 62.4% company says

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