Fossil Group (FOSL) Tops Q1 EPS by 12c
Fossil Group (NASDAQ: FOSL) reported Q1 EPS of $0.75, $0.12 better than the analyst estimate of $0.63. Revenue for the quarter came in at $725 million versus the consensus estimate of $732 million.
GAAP Guidance
For fiscal 2015, given continued currency volatility, the Company now expects:
- Net sales to be in the range of a 4% decrease to a 1% increase
- Operating margin in a range of 11.5% to 13.0%
- Diluted earnings per share in a range of $5.25 to $6.05
For the second quarter of fiscal 2015, the Company expects:
- Net sales to decrease in the range of 3.0% to 0.5%
- Operating margin in a range of 8.0% to 9.0%
- Diluted earnings per share in a range of $0.80 to $0.91
Adjusted Guidance
The Company also provided an estimate of its guidance in constant dollars, excluding both the impact of fiscal 2015 restructuring charges as well as the sales impact from the extra week in fiscal 2014:
For fiscal 2015, adjusted guidance is:
- Net sales to increase in the range of 3% to 7%
- Operating margin in a range of 15.2% to 16.0%
- Diluted earnings per share in a range of $7.00 to $7.60
For the second quarter of fiscal 2015, adjusted guidance is:
- Net sales to increase in the range of 4% to 6%
- Operating margin in a range of 11.5% to 12.5%
- Diluted earnings per share in a range of $1.18 to $1.29
For earnings history and earnings-related data on Fossil Group (FOSL) click here.