Interessantes Unternehmen. :spitze: Ev. mal hinschauen...
Company description
Fossil Group, Inc., formerly Fossil, Inc., a global designer, marketer and distributer company that specializes in consumer fashion accessories. The Company's offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and clothing. Its products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company do not maintain a physical presence. It operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. On December 31, 2012, the Company purchased substantially all of the assets of Bentrani Watches, LLC (Bentrani).
http://www.fossil.com
http://www.fossilgroup.com/careers/
06-08-2013 13:40 DJ Fossil 2nd-Quarter Earnings Up 18%; Increases Year Guidance
By Billy Crosby
Fossil Inc.'s (FOSL) second-quarter earnings jumped 18% as the fashion-accessories retailer reported sales increases in all segments.
The company raised its full-year earnings guidance, now projecting $6.15 to $6.35 a share, from its May estimate of $6 to $6.26 a share. It now expects net sales to increase between 11% and 12%, up from 10% to 11% growth.
The company estimated current-quarter earnings at $1.30 to $1.37 a share on 12.5% to 13.5% sales growth, above the view of analysts surveyed by Thomson Reuters who expect $1.46 a share in earnings on an 11% sales increase.
Shares were up 8% to $116 in premarket trading.
Fossil, which designs watches, jewelry, handbags, belts and clothing, has seen double-digit percentage sales increases for over three years, aided by its expansion in Asia, but has been challenged of late by the European debt crisis.
Fossil reported a profit of $67.7 million, or $1.15 a share, up from $57.3 million, or 92 cents a share, a year earlier. The quarter benefited from a shift of 8 cents a share of marketing and systems related expenditures into the third quarter, partly offset by three cents a share on a higher income tax rate than expected.
Sales jumped 11% to $706.2 million, driven by double-digit growth in the multi-brand global watch portfolio.
Its May projection was for per-share earnings of 89 cents to 94 cents a share on 8% to 9% sales growth, below analysts' estimates at the time.
Gross margin widened 57.9% from 56%.
Retail same-store sales were flat compared with a year ago, while direct-to-customer revenue increased 16%.
North American wholesale sales rose 4.4%. In Europe, wholesale revenue rose 16% and in Asia Pacific it was up 14%. Fossil's wholesale customers range from high-end sellers like Neiman Marcus Group Inc. and Nordstrom Inc. (JWN) to low-price retailers like Target Corp. (TGT) and Wal-Mart Stores Inc. (WMT).
Write to Billy Crosby at William.Crosby@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 06, 2013 07:40 ET (11:40 GMT)
Copyright © 2013 Dow Jones & Company, Inc.
Company description
Fossil Group, Inc., formerly Fossil, Inc., a global designer, marketer and distributer company that specializes in consumer fashion accessories. The Company's offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and clothing. Its products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company do not maintain a physical presence. It operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. On December 31, 2012, the Company purchased substantially all of the assets of Bentrani Watches, LLC (Bentrani).
http://www.fossil.com
http://www.fossilgroup.com/careers/
06-08-2013 13:40 DJ Fossil 2nd-Quarter Earnings Up 18%; Increases Year Guidance
By Billy Crosby
Fossil Inc.'s (FOSL) second-quarter earnings jumped 18% as the fashion-accessories retailer reported sales increases in all segments.
The company raised its full-year earnings guidance, now projecting $6.15 to $6.35 a share, from its May estimate of $6 to $6.26 a share. It now expects net sales to increase between 11% and 12%, up from 10% to 11% growth.
The company estimated current-quarter earnings at $1.30 to $1.37 a share on 12.5% to 13.5% sales growth, above the view of analysts surveyed by Thomson Reuters who expect $1.46 a share in earnings on an 11% sales increase.
Shares were up 8% to $116 in premarket trading.
Fossil, which designs watches, jewelry, handbags, belts and clothing, has seen double-digit percentage sales increases for over three years, aided by its expansion in Asia, but has been challenged of late by the European debt crisis.
Fossil reported a profit of $67.7 million, or $1.15 a share, up from $57.3 million, or 92 cents a share, a year earlier. The quarter benefited from a shift of 8 cents a share of marketing and systems related expenditures into the third quarter, partly offset by three cents a share on a higher income tax rate than expected.
Sales jumped 11% to $706.2 million, driven by double-digit growth in the multi-brand global watch portfolio.
Its May projection was for per-share earnings of 89 cents to 94 cents a share on 8% to 9% sales growth, below analysts' estimates at the time.
Gross margin widened 57.9% from 56%.
Retail same-store sales were flat compared with a year ago, while direct-to-customer revenue increased 16%.
North American wholesale sales rose 4.4%. In Europe, wholesale revenue rose 16% and in Asia Pacific it was up 14%. Fossil's wholesale customers range from high-end sellers like Neiman Marcus Group Inc. and Nordstrom Inc. (JWN) to low-price retailers like Target Corp. (TGT) and Wal-Mart Stores Inc. (WMT).
Write to Billy Crosby at William.Crosby@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 06, 2013 07:40 ET (11:40 GMT)
Copyright © 2013 Dow Jones & Company, Inc.
