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Yamaki to merge with wholly owned unit

Monday, 19 Feb 2018 02:28am EST

Feb 19 (Reuters) - Yamaki Co Ltd <3598.T>:Says it will merge with Nagasaki-based wholly owned unit, which is engaged in fabric products sales, effective April 1.Says the unit will be dissolved after merger .

Fossil Group Q4 Loss Per Share $1.65

Tuesday, 13 Feb 2018 04:06pm EST

Feb 13 (Reuters) - Fossil Group Inc ::FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.64 EXCLUDING ITEMS.Q4 LOSS PER SHARE $1.65 INCLUDING ITEMS.Q4 SALES $921 MILLION.QTRLY ‍ADJUSTED EPS OF $0.64 EXCLUDING TAX REFORM AND RESTRUCTURING CHARGES OF $2.29​.‍PROVIDES Q1 AND FISCAL 2018 GUIDANCE​.‍DURING Q4 OF FISCAL 2017, COMPANY RECOGNIZED A CHARGE OF $86.4 MILLION RELATED TO ONE-TIME REPATRIATION TAX​.‍FOR FISCAL 2018, COMPANY EXPECTS GROSS MARGIN IN RANGE OF 51% TO 53%​.‍FOR Q1 OF FISCAL 2018, SEES NET SALES IN RANGE OF DOWN 12% TO DOWN 6%​.SEES 2018 NET SALES IN RANGE OF DOWN 6 PERCENT TO DOWN 14 PERCENT.SEES 2018 GROSS MARGIN IN RANGE OF 51% TO 53%.IN Q1, SEES LOSS BEFORE INCOME TAXES OF $70 MILLION TO LOSS BEFORE INCOME TAX OF $45 MILLION​.SEES 2018 RESTRUCTURING CHARGES OF APPROXIMATELY $50 MILLION.SEES Q1 RESTRUCTURING CHARGES OF APPROXIMATELY $20 MILLION.Q4 EARNINGS PER SHARE VIEW $0.40, REVENUE VIEW $889.6 MILLION -- THOMSON REUTERS I/B/E/S.Q1 REVENUE VIEW $568.5 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $2.71 BILLION -- THOMSON REUTERS I/B/E/S.

Under Armour Q4 Loss Per Share $0.20

Tuesday, 13 Feb 2018 06:55am EST

Feb 13 (Reuters) - Under Armour Inc ::UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL YEAR RESULTS; ANNOUNCES OUTLOOK FOR 2018.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $0.14 TO $0.19 EXCLUDING ITEMS.Q4 ADJUSTED EARNINGS PER SHARE $0.00.Q4 LOSS PER SHARE $0.20.Q4 REVENUE ROSE 5 PERCENT TO $1.4 BILLION.QTRLY GROSS MARGIN DECLINED 150 BASIS POINTS TO 43.2 PERCENT.2018 ‍GROSS MARGIN IS EXPECTED TO INCREASE APPROXIMATELY 50 BASIS POINTS​.‍2018 CAPITAL EXPENDITURES ARE PLANNED AT APPROXIMATELY $225 MILLION​.INVENTORY INCREASED 26 PERCENT TO $1.2 BILLION AT QUARTER END.Q4 EARNINGS PER SHARE VIEW $0.00 -- THOMSON REUTERS I/B/E/S.NET REVENUE IS EXPECTED TO BE UP AT A LOW SINGLE-DIGIT PERCENTAGE RATE IN 2018.Q4 REVENUE VIEW $1.31 BILLION -- THOMSON REUTERS I/B/E/S.AFTER ADDITIONAL REVIEW, ANNOUNCED AN ADDITIONAL 2018 RESTRUCTURING PLAN.UNDER ARMOUR - ABOUT $110 TO $130 MILLION OF PRE-TAX RESTRUCTURING & RELATED CHARGES EXPECTED TO BE INCURRED FROM ADDITIONAL 2018 RESTRUCTURING PLAN.BASED ON RESTRUCTURING EFFORTS IN 2017 AND 2018, ANTICIPATES MINIMUM OF $75 MILLION IN SAVINGS ANNUALLY IN 2019 AND BEYOND.FY2018 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $5.13 BILLION -- THOMSON REUTERS I/B/E/S.

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