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Cowen Cuts Price Target on Fossil Group (FOSL) to $25 as Core Watch Business Remains Weak

Go back to Cowen Cuts Price Target on Fossil Group (FOSL) to $25 as Core Watch Business Remains Weak

Fossil Group, Inc. Reports Third Quarter Fiscal Year 2016 Results

November 3, 2016 4:01 PM EDT

Third Quarter Net Sales of $738 million; Diluted EPS of $0.36

 Updates Fiscal 2016 Guidance and Provides Fourth Quarter Guidance

Launches Multi-Year Process to Drive Profit Improvement

RICHARDSON, Texas, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the Company) today reported its financial results for the fiscal quarter ended October 1, 2016.

Third Quarter Fiscal Year 2016 Revenue SummaryIn the third quarter of fiscal 2016, reported worldwide net sales decreased 4% or $33.3 million including declines in the Companys... More