Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of fashion retailer Fossil (Nasdaq: FOSL) came back in style today after the company reported earnings.

So what: Revenue was impressive, growing 37% to $537.0 million, but the bottom line was truly impressive. Earnings per share jumped from $0.53 last year to $0.86 this year, easily crushing estimates of $0.66 from analysts.

Now what: The results are a welcome surprise to investors who have had disappointing results from fashionable retailers. Competitors Guess? (NYSE: GES) and Aeropostale (NYSE: ARO) were both hit hard recently when they downgraded their outlook, but Fossil has no such problems. I see investors putting their Fossil sunglasses back on, giving this Hidden Gems pick a boost heading into the summer season.

Interested in more info on Fossil? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Fossil is a Motley Fool Hidden Gems recommendation. Motley Fool Options has recommended a modified stock repair position on Guess?. The Fool owns shares of Aeropostale and Guess?. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.