Agenda-setting intelligence, analysis and advice for the global fashion community.

Fossil Group Tops 3Q Profit Forecasts

Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.

Associated Press

12 November 2015

RICHARDSON, United States — Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million.

The Richardson, Texas-based company said it had profit of $1.19 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The watch and accessories maker posted revenue of $771.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $784.8 million.

Fossil Group expects full-year earnings to be $4.15 to $4.75 per share.

Fossil Group shares have decreased 54 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased nearly 1 percent. In the final minutes of trading on Thursday, shares hit $50.47, a decline of 55 percent in the last 12 months.

In This Article

Topics

Financial Markets

Organisations

Fossil Group

Location

Texas, United States

J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims

Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.

China’s Beauty Industry Gets AI Makeover to Close Innovation Gap

The country’s beauty companies are utilising the technology to compress lengthy development timelines, and deliver trendy ingredients such as PDRN faster than ever.

Lenzing Closes UK, Austria Sites in Turnaround Bid

The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.

Case Study | Sports Marketing Strategies That Work

Genuinely impactful sports marketing has become harder to come by as fashion and beauty companies have saturated the marketplace. But there are still valuable opportunities available for brands that can find the right partners and forge real connections to sports culture.

The Business of Fashion