Fossil (FOSL) Best in Class but the Class is Shrinking - Cowen
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November 12, 2015 4:03 PM EST
RICHARDSON, Texas, Nov. 12, 2015 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced that it has entered into a definitive agreement to acquire Misfit, Inc., an innovator in wearable technology and stylish connected devices. The acquisition will enable Fossil Group to expand its addressable market, offering consumers both traditional timepieces and fashionable connected accessories. Misfit brings to Fossil Group a scalable cloud and app platform, a world-class software and hardware engineering team, a native wearable technology brand and a pipeline of innovative products.
"We have a significant opportunity to add technology and connectivity... More
November 12, 2015 4:01 PM EST
Third Quarter Net Sales of $771 Million; Diluted EPS of $1.19
Updates Full Year Guidance and Provides Fourth Quarter Guidance
Advances Connected Accessories Initiative With Wearable Technology Innovator Misfit
RICHARDSON, Texas, Nov. 12, 2015 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the "Company" or "Fossil Group") today reported its financial results for the fiscal quarter ended October 3, 2015. In the third quarter of fiscal 2015, the translation impact from the stronger U.S. dollar negatively impacted net sales by $55.7 million and... More
