Fossil Group Q1 Profit Declines; Issues Q2 Outlook - Quick Facts

(RTTNews) - Fossil Group Inc. (FOSL), a designer of fashion accessories, Tuesday reported first-quarter net income attributable to the company of $66.3 million or $1.22 per share, compared to $72.2 million or $1.21 per share in the comparable quarter last year.

Revenues for the quarter were $776.5 million, up from $680.9 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.17 per share on revenues of $771.60 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company expects earnings of $0.90 to $0.97 per share on revenue growth of 8% to 9.5%. Analysts expect earnings of $1.16 per share on revenue growth of 9.50%.

For fiscal year 2014, the company continues to expect earnings of $6.90 to $7.30 per share on sales growth of 8% to 10%. Analysts expect earnings of $7.20 per share on sales growth of 10.00% for the year.