Fossil up....I missed this after hour gain...(can't have it all the time)

Kosta Kartsotis, Chairman and Chief Executive Officer stated: “Our third quarter operating performance reflects the ongoing success of our current strategy during a transformational period for our category and for Fossil Group. We are highly focused on initiatives that improve our overall profitability and establish a foundation for sustainable growth. While the business continues to face topline headwinds stemming from declines in the traditional watch category combined with business exits and closings of underperforming stores, we are focused on narrowing the gap with gains in connected and digital sales. The third quarter marked progress toward our goals as we saw double digit growth in both our connected watches and our own e-commerce business. On a lower overall sales base we significantly improved profitability. We are pleased with the progress we are making and our plans for the holiday season, which is reflected in our increased outlook for the year.”

Mr. Kartsotis continued, "We continue to believe that Fossil Group is uniquely positioned to harness the power of our brands, design and technology capabilities and global distribution infrastructure to capitalize on the fast growing wearables industry and stabilize our traditional watch business. At the same time, we are highly focused on driving efficiencies throughout the organization as we reduce costs to ultimately deliver consistent, profitable long term growth."