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Fossil, Inc. (FOSL)

- NASDAQ
  • Fri, Mar. 6, 10:22 AM
    • Fossil (FOSL -4.2%) trades lower after hosting an Investor Day event last night.
    • The company spent some time outlining its new wearable technology, but was light on details of the anticipated financial impact of the products.
    • Telsey Advisory Group walked away from the presentation with a more cautious view on Fossil, lowering its rating to Market Perform from Outperform.
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  • Wed, Feb. 18, 12:51 PM
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  • Wed, Feb. 18, 9:15 AM
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  • Wed, Feb. 18, 8:37 AM
    • Jefferies digs in on Fossil (NASDAQ:FOSL) after the company set guidance well-below consensus last night.
    • The investment firm's Buy rating is maintained and the price target is lowered to $130 from $150.
    • Fossil managed to improve its overall Q4 profit from a year ago on lower operating expenses, despite weaker returns from the outlet channel than expected.
    • Digital and wearable technology will be priorities in 2015, according to Fossil management.
    • "We will leverage our new partnerships (Google and Intel) to advance in the wearable technology space with the goal to launch connected accessories later this year," said CEO Kosta Kartsotis.
    • Fossil earnings call transcript
    • FOSL -14.42% premarket to $85.07.
    | 9 Comments
  • Tue, Feb. 17, 5:37 PM
    • Top gainers, as of 5:15 p.m.: ENPH +14.1%. BSX +11.6%. PBPB +9.9%. LINC +8.7%. YGE +6.9%.
    • Top losers, as of 5:15 p.m.: PERY -14.3%. FOSL -13.4%. ZIXI -10.0%. LZB -7.3%. RAX -4.6%.
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  • Tue, Feb. 17, 4:22 PM
    • Fossil (FOSL +0.9%) reports global comparable store sales increased 7.7% in Q4.
    • Sales by category: Watches -1%, leathers -2%, jewelry +13%.
    • Gross margin rate -60 bps to 56.8% with promotional activity increased.
    • Operating margin rate -110 bps to 16.1%.
    • Guidance: FY15 sales expected to fall 7.5% to 5.5%. Operating margin seen in 6%-7% range.
    • FOSL -13.6% after hours.
    | 2 Comments
  • Fri, Jan. 9, 11:04 AM
    • Another tough day for luxury retail stocks as more concerns on pricing trends build up.
    • Consulting firm Bain isn't helping sentiment, noting the luxury sector in China showed negative growth (-1%) for the first time in 2014. An ongoing crackdown by Beijing on corruption is in the background.
    • Michael Kors (KORS -1.7%), Ralph Lauren (RL -2%), Kate Spade (KATE -3.2%), Fossil (FOSL -1%), Vera Bradley (VRA -2%), and Coach (COH -2.2%) are all under-performing market averages.
    • Related stocks: OTCPK:LVMUY, OTC:GUCG, OTCPK:SWGAY, OTCPK:BURBY, EL, RDEN, OTCPK:HESAF, OTCPK:CFRUY, TIF.
    • Related ETFs: PEJ.
    | 1 Comment
  • Nov. 12, 2014, 10:37 AM
    • Select high-end retailers are in rally mode after Fossil (FOSL +7.3%) cruises past Q3 estimates.
    • The strong demand that Fossil saw for higher-priced items bodes well for the sector, say analysts.
    • Advancers: Movado (NYSE:MOV) +1.1%, Michael Kors (NYSE:KORS) +1.6%, Coach (NYSE:COH) +1.6%, Vera Bradley (NASDAQ:VRA) +1.1%.
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  • Nov. 12, 2014, 9:18 AM
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  • Nov. 11, 2014, 5:38 PM
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  • Nov. 11, 2014, 4:16 PM
    • Fossil (NASDAQ:FOSL) reports wholesale revenue was up 10% Y/Y to $678M in Q3.
    • Direct to consumer sales rose 11% to $216.5M.
    • Gross margin rate -50 bps to 56.9% due to a higher level of promotions in the outlet channel.
    • Operating income rate -10 bps to 17.3%.
    • Jewelry sales rose 23% Y/Y, while sales of watches were up 12%.
    • Guidance: Full year sales growth of 8.5% to 9.5% expected and EPS of $7.00-$7.30 vs. $7.15 consensus.
    • FOSL +10.0% AH.
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  • Oct. 23, 2014, 10:02 AM
    • Standpoint Research raises the price target on Fossil (FOSL +1.6%) to $128.
    • The investment firm has shares rated as a Buy.
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  • Aug. 12, 2014, 4:07 PM
    • Fossil (NASDAQ:FOSL) reports direct to consumer sales rose 12% in Q2.
    • Jewelry sales were up 19% during the quarter, while watch sales rose 12%.
    • Gross margin rate -40 bps to 57.5%.
    • FOSL +0.3% AH.
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  • May. 14, 2014, 9:08 AM
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  • May. 13, 2014, 5:40 PM
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  • May. 13, 2014, 5:21 PM
    • Fossil (FOSL) -5.1% AH after Q1 earnings declined 8.2% Y/Y, as higher operating expenses more than offset sales growth in its watch market.
    • Q1 revenues hit the high end of company guidance by jumping 14% to $776.5M, driven by growth in sales of watches and jewelry, but operating expenses climbed 19% to $338.5M; sees continued higher expenses in 2014 and views this year as a transition to investing in infrastructure to investment in areas that will fuel growth.
    • Retail same-store sales fell 2.4% Y/Y, as a decline in North America largely was driven by a drop in mall traffic, while direct-to-customer sales rose 18%.
    • Issues downside guidance for Q2, seeing EPS of $0.90-$0.97 vs. $1.17 analyst consensus estimate and revenue growth of 8%-9.5% ($762M-$832M) vs. $774M consensus.
    • Issues downside guidance for FY 2014, seeing EPS of $6.90-$7.30 vs. $7.22 consensus while reiterating revenue growth guidance of 8%-10% ($3.52B-$3.58B) vs. $3.58B consensus.
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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.