Fossil Group, Inc. Provides Earnings Guidance for the Full Year 2021 and Thirteen Week Quarter Ending January 1, 2022
November 10, 2021 at 04:15 pm EST
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Fossil Group, Inc. provided earnings guidance for the full year 2021 and thirteen week quarter ending January 1, 2022. For the year, the company expects worldwide net sales growth to be approximately 17% to 19%, at prevailing currency rates.
For the thirteen week quarter ending January 1, 2022, the company expects worldwide net sales to be increase in the range of 18% to 25% compared to the 13-week quarter ended January 2, 2021.
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. 