Wed, Aug. 12, 9:13 AM
Tue, Aug. 11, 5:38 PM
Tue, Aug. 11, 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.
Tue, Aug. 11, 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%).
Thu, Jul. 16, 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.
Wed, May 27, 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
Wed, May 13, 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.
Wed, May 6, 7:58 AM
- Fossil (NASDAQ:FOSL) is downgraded by Cowen to a Market Perform rating from Outperform after yesterday's Q1 report.
- The low end of the wide EPS guidance range set by Fossil has raised some concerns.
- Previously: Fossil beats by $0.11, misses on revenue (May. 05 2015)
- Previously: Fossil tops profit expectations in challenging quarter (May. 05 2015)
- FOSL -1.0% premarket to $85.60.
Tue, May 5, 4:34 PM
Tue, Mar. 31, 9:59 AM
- A better-than-expected report from Movado is giving a lift to some luxury peers.
- Fossil (FOSL +1%), Coach (COH +0.5%), and Kate Spade (KATE +0.2%) are all higher on a down day in the markets.
- Movado was able to take some measures to mitigate the impact of F/X swings.
- Previously: Movado rips 8% gain after guidance pleases
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.
Wed, Feb. 18, 12:51 PM
Wed, Feb. 18, 9:15 AM
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.
Tue, Feb. 17, 5:37 PM
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.
FOSL vs. ETF Alternatives
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.
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