Seeking Alpha
 

Fossil, Inc. (FOSL)

- NASDAQ
  • 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%.
    | Comment!
  • Nov. 12, 2014, 9:18 AM
    | Comment!
  • Nov. 11, 2014, 5:38 PM
    | 4 Comments
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
  • May. 14, 2014, 9:08 AM
    | 1 Comment
  • May. 13, 2014, 5:40 PM
    | Comment!
  • 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.
    | Comment!
  • Mar. 19, 2014, 9:46 AM
    • Shares of Fossil (FOSL +1.8%) are on the move again to extend on yesterday's rally.
    • The retailer's collaboration with Google to develop wearable gadgets has prompted the positive momentum.
    | 1 Comment
  • Feb. 11, 2014, 4:19 PM
    • Fossil (FOSL) delivers a shocker of a Q4 report as sales in its North America wholesale segment rose 13.1% on strong demand for watches and jewelry.
    • Slow traffic in U.S. stores was offset by Fossil's strong performance in Europe and Asia.
    • For FQ1, the company sees EPS of $1.10-$1.18 on revenue growth of 12.5%-14%.
    • FOSL +5.2% AH
    | Comment!
  • Feb. 11, 2014, 4:10 PM
    • Fossil, Inc. (FOSL): Q4 EPS of $2.68 beats by $0.25.
    • Revenue of $1.06B (+11.8% Y/Y) beats by $40M.
    • Shares +5.6%.
    • Press Release
    | Comment!
  • Feb. 4, 2014, 10:50 AM
    • Shares of Fossil (FOSL +6%) trade higher after Michael Kors reports strong demand for watches and accessories.
    • Analyst take: The big runup in Michael Kors has Jefferies tipping Fossil as the better value play.
    | Comment!
  • Aug. 6, 2013, 12:48 PM
    | Comment!
  • Aug. 6, 2013, 8:09 AM
    • Shares of Fossil (FOSL) shoot up 9.4% premarket after the retailer beats estimates with its Q2 report.
    • Wholesale sales for the company grew at a double-digit clip in North America, Europe, and Asia Pacific.
    • Watch and jewelry products sold well during the quarter while leathers and eyewear products fell back a bit. (PR)
    | Comment!
FOSL vs. ETF Alternatives
Company Description
Fossil Group Inc 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 clothing.