Fossil Group (FOSL) Tops Q4 EPS by 24c, Sales Beat

Fossil Group (NASDAQ: FOSL) reported Q4 EPS of $0.64, $0.24 better than the analyst estimate of $0.40. Revenue for the quarter came in at $921 million versus the consensus estimate of $889.56 million.

For the first quarter of fiscal 2018, the Company expects the following:

• Net sales in the range of (12)% to (6)%
• Gross margin in the range of 50% to 52%
• Operating expenses as a percent of net sales, including restructuring charges, ranging from 58% to 61%
• Operating margin in the range of (11)% to (6)%
• Other income/(expense) of approximately $(2) million based on prevailing currency rates
• Interest expense of approximately $12 million
• Income (loss) before income taxes in the range of $(70) million to $(45) million

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

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