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Fossil Group (FOSL) Stock Soars 8% on Q2 Earnings and Revenues Beat
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Fossil Group Inc. (FOSL - Free Report) just released their second quarter fiscal 2016 earnings results, posting earnings of $0.12 per share and revenue of $685 million.
Currently, FOSL has a Zacks Rank #5 (Strong Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Fossil Group:
Beat earnings estimates. The company posted $0.12 per share, surpassing the consensus estimate of $0.09.
Beat revenue estimates. The company saw revenue figures of $685 million, topping our estimate of $674 million.
On a constant currency basis, Q2 revenues dropped by 6% compared to last year. Operating margin came in at 2.3%, which is a significant decline from operating margins of 9.5% for the same quarter last year.
For fiscal 2016, Fossil expects to see sales drop by a margin of 1.5%-5%.
FOSL was up $2.64, or 8.7%, to $33.00 as of 4:28 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Fossil’s quarterly revenues over the last 5 years.
Fossil Group, Inc. is involved in designing, marketing and distribution of consumer fashion accessories. The Company's product portfolio include men's and women's watches, handbags, belts, small leather goods, jewellery, sunglasses, hats, gloves and scarves, jeans, outerwear, fashion tops and bottoms, tee shirts as well as optical frames. Its brands include MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. It serves market through department stores, specialty retail stores, specialty watch and jewellery stores, retail and outlet stores, mass market stores, clothing stores as well as through its catalogs and Website. Fossil Group Inc., formerly known as Fossil, Inc. is based in Richardson, Texas.
Check back later for our full analysis on Fossil Group’s second quarter earnings report!
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Fossil Group (FOSL) Stock Soars 8% on Q2 Earnings and Revenues Beat
Fossil Group Inc. (FOSL - Free Report) just released their second quarter fiscal 2016 earnings results, posting earnings of $0.12 per share and revenue of $685 million.
Currently, FOSL has a Zacks Rank #5 (Strong Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Fossil Group:
Beat earnings estimates. The company posted $0.12 per share, surpassing the consensus estimate of $0.09.
Beat revenue estimates. The company saw revenue figures of $685 million, topping our estimate of $674 million.
On a constant currency basis, Q2 revenues dropped by 6% compared to last year. Operating margin came in at 2.3%, which is a significant decline from operating margins of 9.5% for the same quarter last year.
For fiscal 2016, Fossil expects to see sales drop by a margin of 1.5%-5%.
FOSL was up $2.64, or 8.7%, to $33.00 as of 4:28 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Fossil’s quarterly revenues over the last 5 years.
FOSSIL GRP INC Revenue (Quarterly)
FOSSIL GRP INC Revenue (Quarterly) | FOSSIL GRP INC Quote
Fossil Group, Inc. is involved in designing, marketing and distribution of consumer fashion accessories. The Company's product portfolio include men's and women's watches, handbags, belts, small leather goods, jewellery, sunglasses, hats, gloves and scarves, jeans, outerwear, fashion tops and bottoms, tee shirts as well as optical frames. Its brands include MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. It serves market through department stores, specialty retail stores, specialty watch and jewellery stores, retail and outlet stores, mass market stores, clothing stores as well as through its catalogs and Website. Fossil Group Inc., formerly known as Fossil, Inc. is based in Richardson, Texas.
Check back later for our full analysis on Fossil Group’s second quarter earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>