May 13 Fashion accessory maker and retailer Fossil Group Inc reported an 8 percent fall in quarterly profit, as operating costs shot up.
Fossil shares fell 8 percent in extended trading.
Operating expense rose to $338.5 million in the first quarter ended April 5 from $284.2 million a year earlier.
Net income fell to $66.3 million, or $1.22 per share, from $72.2 million, or $1.21 per share, a year ago.
Worldwide net sales increased 14 percent to $776.5 million. (Reporting by Devika Krishna Kumar in Bangalore; Editing by Joyjeet Das)