Fossil Group jumps on strong sales outlook

Fossil

11/11/2021 11:28

** Shares of watch maker  FOSL.O  jump 32.7% to $18.37 in
premarket trading
    ** If the gains hold, stock is set to open at an eight-month
high 
    ** Expects FY21 worldwide net sales growth to jump to 19%
from previously estimated 17% 
    ** Sees Q4 net sales increasing 18%-25% from prior year
 urn:newsml:reuters.com:*:nGNX1d5k2l  
    ** Co also posts a Q3 quarterly profit of $31.4 mln vs
year-ago profit of $16 mln  
    ** Up to Wednesday's close, stock had risen ~60% YTD

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))