Fossil Group reported Q1 2026 adjusted loss of $0.03 per share, beating consensus $0.18 loss.
Revenue reached $224.8 million, topping the $198.3 million estimate but down 3.6% YoY due to a shorter quarter.
Operating income swung to $12.0 million (vs $6.7 million loss YoY) and expenses fell 18.1% to $122.7 million.
Shares jumped 16% on the news; company reaffirmed 2026 outlook of 4‑6% sales decline and 3‑5% operating margin.