Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Fossil Q4 Profit Rises; Guides Q1, 2012 - Quick Facts

RELATED NEWS
Trade FOSL now with 

Fossil, Inc. (FOSL: Quote) said its fourth-quarter net income attributable to Fossil was up to $117.91 million or $1.87 per share from $96.66 million or $1.46 per share a year ago.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.77 per share. Analysts' estimates typically exclude special items.

Net sales grew to $830.76 million from $701.08 million in the prior-year quarter. Analysts estimated revenues of $841.12 million.

Mike Kovar, Executive Vice President and Chief Financial Officer of Fossil, Inc., said, "..The Fourth Quarter double-digit sales increases were broad-based across major brands, product categories and geographies, driven by the ongoing success of our two core global growth strategies, our FOSSIL® accessories lifestyle business and our multi-brand watch business..."

Looking ahead, Fossil expects first-quarter earnings per share to be in a range of $0.90 to $0.92. Analysts expect the company to earn $0.98 per share.

For fiscal year 2012, the company forecasts earnings per share in a range of $5.40 to $5.50. Analysts expect the company to earn $5.44 per share.

The company expects first quarter and fiscal 2012 net sales growth in the 15% range.

Kovar stated further, "...We will continue our investment in support of our expansion in Asia and in our direct to consumer channel with expectations that this will lead to sustainable long-term growth...We remain confident in our strategies and expect fiscal 2012 to represent another year of strong growth and significant accomplishments toward our long-term goals and objectives."

Register
To receive FREE breaking news email alerts for Fossil Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.