Fossil, Inc. a US brand producing fashion watches, small leather goods, belts, and handbags, has reported positive results for the third quarter ended October 1. Net sales increased 9.1% to $257.5 million compared with $236.0 million in the same period last year; gross profit grew 11.1% to $134.8 million compared with $121.4 million; and net income totalled $22.3 million versus $23.4 million.

"Healthy sales increases in our international markets, continuing strong market share gains in our domestic leather business and a slow down in our operating expense growth resulted in our achieving our third quarter earnings target," said Mike Kovar, senior vice president and chief financial officer.

For the nine monthsto October, net sales rose 11.6% to $716.3 million compared with $641.6 million; gross profit grew 12.4% to $373.2 million versus $332.0 million; and net income totalled $55.9 million compared with $55.5 million.