According to CNBC, for the third quarter ended October 3, Fossil reported net sales of $271.2 million, up 0.4% year-over-year. Net income came in at $11.7 million, compared to a net loss of $39.9 million in the same period last year, while operating income reached $25.3 million. The company raised its full-year net sales outlook to a range of $980 million to $990 million, which remains slightly below the over $1 billion recorded last year. CEO Franco Fogliato stated that the turnaround is progressing faster than planned.