Interviews
News Flash
Watch maker Fossil Inc Q4 profit declines
21 Feb '06
4 min read
The company is confirming its previous guidance for 2006. For the first quarter of fiscal 2006, it expects diluted earnings per share to approximate $0.12, as compared to the first quarter fiscal 2005 diluted earnings per share of $0.32, or $0.19 diluted earnings per share excluding an approximate $10 million tax benefit related to The Act.
For the 2006 fiscal year management estimates net sales growth of approx. 9percent with sales in the first half of fiscal 2006 expected to rise about 7 percent, with the second half increasing by approx. 10 percent. This is primarily due to (i) tougher currency comparisons in the first half of the year; and (ii) the launch of new business initiatives weighted more heavily to the second half of the year.
Fossil Inc is a design, development, marketing and distribution company that specializes in consumer products predicated on fashion and value. Its principal offerings include an extensive line of fashion watches sold under the company's proprietary and licensed brands.
The company also offers complementary lines of small leather goods, belts, handbags, sunglasses, jewelry and apparel. Its products are sold in department stores and specialty retail stores in over 90 countries around the world.
For the 2006 fiscal year management estimates net sales growth of approx. 9percent with sales in the first half of fiscal 2006 expected to rise about 7 percent, with the second half increasing by approx. 10 percent. This is primarily due to (i) tougher currency comparisons in the first half of the year; and (ii) the launch of new business initiatives weighted more heavily to the second half of the year.
Fossil Inc is a design, development, marketing and distribution company that specializes in consumer products predicated on fashion and value. Its principal offerings include an extensive line of fashion watches sold under the company's proprietary and licensed brands.
The company also offers complementary lines of small leather goods, belts, handbags, sunglasses, jewelry and apparel. Its products are sold in department stores and specialty retail stores in over 90 countries around the world.
Fossil Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
