Fossil profit jumps as demand picks up in Asia, Europe
Aug 6 (Reuters) - Fashion accessory maker and retailer Fossil Group Inc reported an 18 percent rise in quarterly profit as it sold more to wholesale customers in Europe and Asia.
Second-quarter earnings rose to $67.7 million, or $1.15 per share, from $57.3 million, or 92 cents per share, a year earlier.
The company, which also sells Michael Kors, Armani Exchange and Marc by Marc Jacobs brands, said revenue rose 11.4 percent to $706.2 million. (Reporting by Aditi Shrivastava in Bangalore; Editing by Sreejiraj Eluvangal)
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