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Oct 02, 2021
Fossil Q3 2021 Earnings Report
Reported strong financial results with increased sales and operating income.
Key Takeaways
Fossil Group reported a strong third quarter with net sales increasing by 13% and operating income rising to $48 million. The company's focus on strategic priorities and effective expense management led to an adjusted operating margin of 11%.
Worldwide net sales increased by 13%, or 11% on a constant currency basis.
Digital channel sales grew by 28% and represented 40% of worldwide net sales.
Operating income increased to $48 million, or 10% of sales.
The company raised its full-year outlook for worldwide net sales growth to approximately 17% to 19%.
Revenue by Geographic Location
Forward Guidance
For fiscal year 2021, the Company is raising its outlook for worldwide net sales growth to approximately 17% to 19%, at prevailing currency rates, and full year Adjusted EBITDA margin to 8.5% to 9.5%. For the 13-week quarter ending January 1, 2022, worldwide net sales are expected to increase in the range of 18% to 25% compared to the 13-week quarter ended January 2, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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