Fossil Group, Inc. Reports Second Quarter 2019 Results

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Go back to Fossil Group, Inc. Reports Second Quarter 2019 Results

Fossil Group (FOSL) Misses Q2 EPS by 10c; Provides FY19 Outlook

August 7, 2019 4:06 PM EDT

Fossil Group (NASDAQ: FOSL) reported Q2 EPS of ($0.15), $0.10 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $501.4 million versus the consensus estimate of $499.05 million.

Kosta Kartsotis, Chairman and CEO stated: We delivered second quarter sales and earnings in line with our expectations. While sales declined in the quarter, our sales performance improved sequentially from the first quarter across all three regions. Growth in Asia accelerated, with continued strength in China and India as Emporio Armani maintained its strong momentum and the FOSSIL brand grew solidly. In addition, our global... More