Fossil, Inc. (FOSL) Tops Q1 EPS by 5c; Guides Q2 EPS Below Consensus

Fossil, Inc. (NASDAQ: FOSL) reported Q1 EPS of $1.22, $0.05 better than the analyst estimate of $1.17. Revenue for the quarter came in at $776.5 million versus the consensus estimate of $771.55 million.

• Wholesale net sales increased 13%, with increases in all wholesale segments
• Direct to consumer net sales increased 18%
  • Global retail comps, based on a fourteen week calendar, declined 2.4%, with increases in Asia Pacific and Europe and a decrease in North America

Fossil, Inc. sees Q2 2014 EPS of $0.90-$0.97, versus the consensus of $1.16. Sees net sales to increase approximately 8% to 9.5%

For earnings history and earnings-related data on Fossil, Inc. (FOSL) click here.

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