Fossil (FOSL) Slowdown, Disruption Finally Coming Home to Roost, Says KeyBanc
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Fossil Group, Inc. Reports Second Quarter Fiscal 2015 Results;
August 11, 2015 4:01 PM EDTSecond Quarter Net Sales of $740 Million; Diluted EPS of $1.12
Updates Full Year Guidance and Provides Third Quarter Guidance
RICHARDSON, Texas, Aug. 11, 2015 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the "Company" or "Fossil Group") today reported its financial results for the fiscal quarter ended July 4, 2015. In the second quarter of fiscal 2015, the translation impact from the strengthening of the U.S. dollar negatively impacted net sales by $50.9 million and reduced diluted EPS by $0.30. On a constant currency basis, second quarter net sales increased 2%.
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