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Fossil Q3 Profit, Sales Beat Forecasts

In What's New, Industry News by Jeff Prine

Richardson, TX—Fossil Group Inc. reported Tuesday that its third quarter profit and sales both beat estimates as growth in watches, jewelry and leathergoods and gross margin boosted earnings. For the quarter ended Sept. 28, Fossil posted a 17% increase in profit to $89.7 million, or $1.58 a share, compared with …

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Fossil Acquires Latin America Distribution

In What's New, Industry News by Accessories Staff

Richardson, TX—Fossil said Thursday that it acquired the distribution business for Latin America from its largest third-party distributor, Bentrani Watches, LLC. Terms of the sale were undisclosed. Based in Miami, Fla., Bentrani, has been Fossil’s distributor for 10 years and distributes certain of the company’s proprietary and licensed brand products …

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Fossil Q2 Report Shows Rebound

In What's New, Industry News by Accessories Staff

Richardson, TX—After a sales miss in its first quarter, Fossil rebounded Tuesday with a better-than-expected 12% increase in profits as sales accelerated across regions and in its wholesale division. For the quarter ended June 30, Fossil posted net earnings of $57.3 million, or 92 cents a share from $51.4 million, …