Key Developments: Fossil Group Inc (FOSL.O)

FOSL.O on Nasdaq

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$1.94 (+1.92%)
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Latest Key Developments (Source: Significant Developments)

Fossil Inc Lowers Q4 2012 Revenue Guidance; Issues Q4 2012 EPS Guidance In Line With Analysts' Estimates; Raises FY 2012 EPS Guidance
Tuesday, 6 Nov 2012 07:00am EST 

Fossil Inc announced that for the fourth quarter of 2012, it expects reported net sales to increase approximately 12%, with constant dollar net sales increasing 13%. The Company's current outlook for fourth quarter sales growth represents an approximate 400 basis point decrease to its previous guidance, primarily related to its European wholesale business. Guidance on an as adjusted basis excludes non-recurring costs associated with the acquisition of Skagen as well as certain tax benefits expected in the fourth quarter of fiscal 2012. The Company currently expects fourth quarter 2012 reported diluted GAAP EPS in a range of $2.41 to $2.44, with diluted EPS, as adjusted, in a range of $2.26 to $2.29. As a result of the better than expected third quarter EPS performance the Company is raising fiscal 2012 earnings estimates. The Company expects fiscal 2012 reported diluted GAAP EPS in a range of $5.53 to $5.56, with diluted EPS, as adjusted, in a range of $5.42 to $5.45. The Company's forward guidance is based upon the current prevailing rate of the U.S. dollar compared to other foreign currencies for countries in which it operates. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $959 million and EPS of $2.27 for fourth quarter of 2012; EPS of $5.29 for fiscal 2012.  Full Article

Fossil Inc Announces CFO Retirement
Thursday, 13 Sep 2012 09:00am EDT 

Fossil Inc announced that Michael L. Kovar will retire as Chief Financial Officer (CFO) in March 2013. Mr. Kovar joined the Company in March 2000 and was promoted to Chief Financial Officer in October 2000. The Company is commencing a search for his successor.  Full Article

Fossil Inc Comments On Q3 2012 Revenue Guidance; Issues Q3 2012 EPS Guidance Below Analysts' Estimates; Comments On Q4 2012 Revenue Guidance; Lowers FY 2012 EPS Guidance
Tuesday, 7 Aug 2012 07:00am EDT 

Fossil Inc announced that for third quarter of 2012, it expects net sales to increase approximately 11% with constant dollar net sales increasing 15% and diluted earnings per share in a range of $1.09 to $1.11, with adjusted earnings per share (EPS) in a range of $1.15 to $1.17. For fourth quarter 2012, the Company expects reported net sales to increase approximately 16%, with constant dollar net sales increasing 18%. For fiscal 2012, it expects reported diluted earnings per share (EPS) in a range of $5.20 to $5.25, with adjusted earnings per share of $5.29 to $5.34. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $741 million and EPS of $1.37 for third quarter of 2012; revenue of $967 million for fourth quarter of 2012; EPS of $5.28 for fiscal 2012.  Full Article

Fossil quarterly profit down as operating expense rises

May 13 - Fashion accessory maker and retailer Fossil Group Inc reported an 8 percent fall in quarterly profit, as operating costs shot up.

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