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FrontRow · Nov 10, 2026

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Watchmaker Fossil said Tuesday that the company returned to profit and sales growth in the first signs of a turnaround. CEO Franco Fogliato told CNBC exclusively that shrinking the company was the biggest factor in helping to strengthen its balance sheet. Fossil also raised its full-year guidance, as Fogliato said it’s a year and a half ahead of its original turnaround timeline.

Watchmaker Fossil said Tuesday that the company returned to profit and sales growth in the first signs of a turnaround. CEO Franco Fogliato told CNBC exclusively that shrinking the company was the biggest factor in helping to strengthen its balance sheet. Fossil also raised its full-year guidance, as Fogliato said it’s a year and a half ahead of its original turnaround timeline.

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