Fossil Group, Inc. Provides Earnings Guidance for the Three Months Ended October 2, 2021
November 01, 2021 at 08:09 am EDT
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Fossil Group, Inc. announced earnings guidance for the three months ended October 2, 2021. Net sales within the range of $490 to $494 million for the three months ended October 2, 2021, an increase of approximately 13% versus $435 million for the three months ended October 3, 2020 and within the range of $1,792 to $1,796 million for the twelve months ended October 2, 2021. Income before income taxes within the range of $38 million and $43 million for the three months ended October 2, 2021, an increase of approximately 322% to 378% versus $9 million for the three months ended October 3, 2020 and within the range of $34 million and $39 million for the LTM period.
Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Companyâs principal offerings include a line of men's and women's fashion traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. Its segments include Americas, Europe and Asia. The Americas is comprised of sales from its operations in the United States, Canada and Latin America. Europe segment is comprised of sales to customers based in European countries, the Middle East and Africa. Asia segment is comprised of sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. The Company's owned brands include FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, and TORY BURCH. Its products are distributed through wholesale, retail stores, commercial Website, and others.
FOSSIL GROUP, INC. 
