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Wednesday, November 6, 2019

=Fossil (FOSL) reported earnings on Wed 6 Nov 19 (a/h)



Fossil reports Q3 (Sep) results, misses on revs

  • Reports Q3 (Sep) loss of $0.51 per share, may not be comparable to the two analyst estimate of $0.04; revenues fell 11.4% year/year to $539.5 mln vs the $553.46 mln S&P Capital IQ Consensus.
  • For Q4, sees net sales down 5-10% and gross margins in the 49-51% range. Projects income before taxes of $45-60 mln.
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