Key Developments For Fossil Inc
Fossil Inc (FOSL.O) (Nasdaq)
Fossil, Inc. Raises Q4 2009 Outlook; Raises FY 2009 EPS Outlook
Fossil, Inc. announced raised its fourth quarter of 2009 outlook and expects net sales to increase in a range of 7%-9% with constant dollar sales increasing in a range of 2%-4% and diluted earnings per share (EPS) to be in a range of $0.82-$0.86, as compared to the Company's previous outlook for fourth quarter of 2009 diluted EPS in the range of $0.74-$0.80. It raised fiscal 2009 outlook and expects diluted EPS in the range of $1.85-$1.89. According to Reuters Estimates, analysts were expecting the Company to report revenues of $468 million and EPS of $0.78 for fourth quarter of 2009 and EPS of $1.72 for fiscal 2009.
Fossil, Inc. Issues Q3 2009 Guidance; EPS Guidance Below Analysts' Estimates; Issues Q4 2009 Guidance Above Analysts' Estimates; Raises FY 2009 EPS Guidance
Fossil, Inc. announced that for third quarter of 2009, it expects to reported net sales to decrease in a range of negative 6% to negative 9% and diluted earnings per share (EPS) of $0.38 to $0.42 and includes a negative currency impact of approximately $0.05 per diluted share related to the stronger U.S. dollar in comparison to the prior year quarter. For fourth quarter of 2009, it expects net sales in a range of flat to positive 3% and diluted earnings per share (EPS) are expected to be in a range of $0.74 to $0.80. For fiscal 2009, it has raised diluted EPS guidance to a range of $1.63-$1.73. The Company reported revenues of $410 million in third quarter of 2008 and revenue of $464 million in fourth quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenue of $379 million and EPS of $0.48 for third quarter of 2009; revenue of $456 million and EPS of $0.70 for fourth quarter of 2009; EPS of $1.64 for fiscal 2009.
Fossil, Inc. Issues Q2 2009 Revenue Outlook In Line With Analysts' Estimates; Issues Q2 2009 EPS Outlook Above Analysts' Estimates; Raises FY 2009 Outlook
Fossil, Inc. announced that for second quarter of 2009, it expects net sales to decrease 8% to 10% and diluted earnings per share (EPS) to be in a range of $0.18-$0.20. For fiscal 2009, it expects net sales to decrease in a range from 5% to 8%, and diluted EPS to be in a range of $1.50-$1.70. The Company reported revenues of $353 million in second quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $323 million and EPS of $0.16 for second quarter of 2009; revenues of $1.48 billion and EPS of $1.45 for fiscal 2009.
Fossil, Inc. Issues Q1, FY 2009 Revenue Outlook Below Analysts' Estimates; Issues Q1, FY 2009 EPS Outlook
Fossil, Inc. announced that for first quarter of 2009, it expects net sales to decrease 8%-10% and diluted earnings per share (EPS) to be in a range of $0.14-$0.16, including per share diluted charges of $0.02 for severance costs and an approximate $0.13 related to the stronger U.S dollar. For fiscal 2009, it expects net sales to decrease in range a from 6%-$10% and EPS to be in a range of $1.40-$1.60. The Company reported revenues of $356 million in first quarter of 2008 and revenues of $1.601 billion in fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $354 million for first quarter of 2009 and revenues of $1.615 billion for fiscal 2009.
Fossil, Inc. Lowers Q4 2008 EPS Guidance; Comments On Q4 2008 Revenue Guidance
Fossil, Inc. lowered its fourth quarter of 2008 diluted earnings per share (EPS) guidance. It now expects EPS of $0.70, in comparison to previous fourth quarter guidance of $0.94 to $0.97 and the Company expects reported net sales for the fourth quarter of 2008 to increase 5% to 6%, with constant dollar sales growth in the 10% to 12% range. According to Reuters Estimates, analysts were expecting the Company to report revenue of $503 million and EPS of $0.76 for the fourth quarter of 2008.
