Fossil Group, Inc. Reports Second Quarter 2018 Results
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Fossil Group (FOSL) Tops Q2 EPS by 41c, Offers Guidance
August 7, 2018 4:08 PM EDTFossil Group (NASDAQ: FOSL) reported Q2 EPS of ($0.16), $0.41 better than the analyst estimate of ($0.57). Revenue for the quarter came in at $577 million versus the consensus estimate of $561.85 million.
Guidance:
Over the next several years, Fossil Group will continue to transform the Companys business model to address changes in consumer behaviors and their purchases of traditional watches and connected devices, as well as jewelry and leathers. During the Companys ongoing transformation project, it believes certain operating metrics are the most appropriate performance measures. These metrics include net sales, gross margin, operating... More
