Fossil Group (FOSL) Misses Q4 EPS by 15c, Sales Miss

Fossil Group (NASDAQ: FOSL) reported Q4 EPS of $0.94, $0.15 worse than the analyst estimate of $1.09. Revenue for the quarter came in at $787 million versus the consensus estimate of $806.67 million.

GAAP Guidance
For fiscal 2019:

• Net sales in the range of (12.0)% to (7.0)%, including the estimated negative impact of business exits and currency of approximately (2.5)% and (1.5)%, respectively
• Gross margin in the range of 51.5% to 53.5%
• Operating expenses, ranging from $1.14 billion to $1.20 billion, including $50 million of restructuring
• Operating margin in the range of 0.5% to 3.0%
• Other income (expense) of approximately $25 million based on prevailing currency rates
• Interest expense of approximately $35 million
• Income (loss) before income taxes in the range of $0 million to $60 million

For the first quarter of fiscal 2019:

• Net sales in the range of (22.0)% to (16.0)%, including the estimated negative impacts of business exits and currency of approximately (3.5)% and (4.0)%, respectively
• Gross margin in the range of 51.0% to 53.0%
• Operating expenses, ranging from $273 million to $286 million, including $10 million of restructuring
• Operating margin in the range of (10.0)% to (7.0)%
• Other income (expense) of approximately $23 million based on prevailing currency rates
• Interest expense of approximately $9 million
• Income (loss) before income taxes in the range of $(30) million to $(18) million

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

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