Jefferies Cuts Price Target on Fossil Group (FOSL) Following 1Q Miss

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Go back to Jefferies Cuts Price Target on Fossil Group (FOSL) Following 1Q Miss

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

May 10, 2016 4:03 PM EDT

First Quarter Net Sales of $660 million; Diluted EPS of $0.12

 Updates Fiscal 2016 Guidance and Provides Second Quarter Guidance

RICHARDSON, Texas, May 10, 2016 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the Company) today reported its financial results for the fiscal quarter ended April 2, 2016.  In the first quarter of fiscal 2016, the translation impact from the stronger U.S. dollar negatively impacted net sales by $16.4 million and reduced diluted EPS by $0.08.  On a constant currency basis, first quarter net sales decreased 7% as compared to the first quarter of... More