Fossil, Inc.
 (FOSL)

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  • Oct. 5, 2015, 7:20 AM
    • Piper Jaffray stays wary of Fossil Group (NASDAQ:FOSL) on concerns over the traditional watch market.
    • "We see gross margin pressure further ensuing into FY16 as competition in the wearable space unfolds," reads the PJ note.
    • Shares of Fossil are reiterated with an Underweight rating by Piper and assigned a price target of $46 vs. the $55.38 close on Friday.
    | Oct. 5, 2015, 7:20 AM
  • Sep. 16, 2015, 7:03 PM
    • J.P. Morgan analysts warn that companies with large amounts of floating-rate debt - including Chesapeake Energy, Freeport McMoRan, Ford and GE - could be at risk if the Fed decides to raise interest rates.
    • Companies with variable/floating-rate debt suffer a more immediate impact by a rate hike than companies with fixed-rate debt, the analysts say; variable-rate coupons typically reset quarterly, meaning that changes in the base rate flow through almost immediately to variable-rate borrowers, while fixed-rate borrowers do not see such an impact until they refinance or issue new debt.
    • JPM lists 25 companies - not including financials - that have the “highest variable-rate debt as a percentage of market cap": FMC, NRG, FCX, AES, CVC, LVLT, PVH, CHK, FE, DVA, THC, OI, CNX, F, HCA, FOSL, RCL, JOY, GE, ADS, ALLE, HBI, GT, DNB, AN
    | Sep. 16, 2015, 7:03 PM | 66 Comments
  • Aug. 12, 2015, 10:16 AM
    • Luxury retail stocks are off to a poor start again after Fossil (FOSL -2.1%) reported last night and with increased concerns over China.
    • Analysts note it's not just sales in China which are at risk of lower F/X conversion rates, but European luxury sales could dip to due to the reliance of heavy buying (high average transaction prices) from Asian tourists.
    • Luxury slumpers today include Movado (MOV -2.7%), Coach (COH -4.8%), Kate Spade (KATE -4.1%), Tiffany (TIF -4.3%), Luxottica (LUX -3.6%), Ralph Lauren (RL -2.2%), Michael Kors (KORS -4.1%), and Guess (GES -2.9%).
    • Previously: Fossil beats by $0.30, misses on revenue (Aug. 11 2015)
    • Previously: Mixed results for Fossil in Q2, shares -4% AH (Aug. 11 2015)
    | Aug. 12, 2015, 10:16 AM | 2 Comments
  • Aug. 12, 2015, 9:13 AM
    | Aug. 12, 2015, 9:13 AM
  • Aug. 11, 2015, 5:38 PM
    | Aug. 11, 2015, 5:38 PM | 3 Comments
  • Aug. 11, 2015, 4:29 PM
    • Fossil (NASDAQ:FOSL) reports sales in the Americas rose 1% (+2% constant currency) in Q2.
    • Sales in Europe fell 12% (+2% constant currency).
    • Asia saw a 6% sales decline (+1% constant currency) during the month.
    • F/X played a positive factor in lowering some operating expenses for the company, while pricing initiatives also helped the bottom line.
    • Guidance: Sales growth of -1% to +3% expected. Adjusted EPS of $6.20-$7.00 seen.
    • Previously: Fossil beats by $0.30, misses on revenue (Aug. 11 2015)
    • FOSL -4.1% in after-hours trading after an initial post-earnings rally.
    | Aug. 11, 2015, 4:29 PM
  • Aug. 11, 2015, 4:04 PM
    • Fossil (NASDAQ:FOSL): Q2 EPS of $1.12 beats by $0.30.
    • Revenue of $740M (-4.4% Y/Y) misses by $10.35M.
    | Aug. 11, 2015, 4:04 PM
  • Aug. 11, 2015, 10:00 AM
    • The currency devaluation fired off in China is hitting select consumer goods and services stocks.
    • China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
    • Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
    • Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
    | Aug. 11, 2015, 10:00 AM | 2 Comments
  • Aug. 10, 2015, 5:35 PM
    | Aug. 10, 2015, 5:35 PM | 6 Comments
  • Jul. 16, 2015, 10:12 AM
    • Some popular momentum-driven retail stocks are starting off the day in reverse with Michael Kors (KORS -2.7%), Coach (COH -0.2%), Pacific Sunwear (PSUN -1.9%), Vera Bradley (VRA -3.3%), Fossil (FOSL -0.6%), Lululemon (LULU -0.6%), Kate Spade (KATE -0.4%) and Under Armour (UA -3.5%) all lower.
    • While OTR Global is with a fresh note on UA and KORS in which expectations are reeled in, pricing trends and China are also looming over the sector.
    | Jul. 16, 2015, 10:12 AM | 2 Comments
  • May 27, 2015, 10:07 AM
    • Select high-end retailers are trading weaker after reports from Michael Kors and Movado rattle the sector.
    • Though Tiffany is ripping up a double-digit gain on the day, analysts note the earnings beat came off of a lowered bar.
    • Decliners: Fossil (NASDAQ:FOSL) -5.3%, Kate Spade (NYSE:KATE) -1.9%, Vera Bradley (NASDAQ:VRA) -1.9%, Tum Huldings (NYSE:TUMI) -1.0%, Guess (NYSE:GES) -0.3%, Coach -5.5%.
    • The PowerShares Dynamic Leisure and Entertainment ETF (NYSEARCA:PEJ) is slightly trailing broader market averages.
    • Previously: F/X clips results at Movado
    • Previously: Light guidance from Michael Kors
    | May 27, 2015, 10:07 AM | 4 Comments
  • May 13, 2015, 10:15 AM
    • Weak guidance issued from Ralph Lauren (RL -2.2%) is having a ripple effect on some high-end retail stocks.
    • Issues with merchandising, F/X pressure, and lower demand from international tourism pestered Ralph Lauren in Q1 and could continue to be a theme looking forward.
    • Previously: Polo Ralph Lauren beats by $0.09, beats on revenue (May. 13 2015)
    • Previously: More on Ralph Lauren's FQ4 (May. 13 2015)
    • Michael Kors (KORS -1.3%), Coach (COH -0.4%), Movado (MOV -0.5%), Fossil (FOSL -1.7%), and Vera Bradley (VRA -0.3%) are all lower than market averages.
    | May 13, 2015, 10:15 AM | 2 Comments
  • May 8, 2015, 11:19 AM
    • Fossil (FOSL +0.1%) confirms it has made staffing cuts at its headquarters in Richardson, Texas.
    • The company, which has 1.2K employees at its HQ, hasn't provided details on the number of cuts.
    | May 8, 2015, 11:19 AM | 1 Comment
  • May 6, 2015, 12:56 PM
    • Fossil (NASDAQ:FOSL): Q1 EPS of $0.75 beats by $0.05.
    • Revenue of $725.1M (-6.6% Y/Y) misses by $33.93M.
    | May 6, 2015, 12:56 PM
  • May 6, 2015, 7:58 AM
    | May 6, 2015, 7:58 AM | 6 Comments
  • May 5, 2015, 4:37 PM
    • Fossil (NASDAQ:FOSL) reports F/X swings cut into sales by twelve percentage points and impacted EPS by $0.13 in Q1.
    • Sales growth by region: Americas -4%, Europe -10%, Asia -7%.
    • Sales growth by product: Watches -8%, Leathers -7%, Jewelry +11.
    • The company's gross margin rate fell 180 bps to 55.3%.
    • Operating margin -580 bps to 7.7% as marketing expenses and promotions were a factor.
    • Fossil sees 2015 EPS of $5.25-$6.05 vs. $5.67 consensus.
    • FOSL +5.8% after hours to $91.00.
    | May 5, 2015, 4:37 PM | 2 Comments
Company Description
Fossil Group Inc is a design, marketing and distribution company of consumer fashion accessories. It offers men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and select apparel.