Fossil Group (FOSL) Reports Q3 EPS of 10c

Fossil Group (NASDAQ: FOSL) reported Q3 EPS of $0.10, may not compare to the analyst estimate of ($0.19). Revenue for the quarter came in at $609 million versus the consensus estimate of $616.23 million.

For the fourth quarter of fiscal 2018:

• Net sales in the range of (16)% to (10)%, including the estimated negative impacts of business exits and currency of approximately (5)% and (1)%, respectively
• Gross margin in the range of 51.5% to 53.5%
• Operating expenses, including restructuring charges, ranging from $340 million to $360 million
• Operating margin in the range of 8% to 10%
• Other income (expense) of approximately $(1) million based on prevailing currency rates
• Interest expense of approximately $11 million
• Income (loss) before income taxes in the range of $47 million to $72 million

For earnings history and earnings-related data on Fossil Group (FOSL) click here.

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