Fossil Group Q4 Profit Declines; Issues Q1, FY14 Outlook - Quick Facts

(RTTNews) - Fossil Group Inc. (FOSL), a designer of fashion accessories, Tuesday reported fourth-quarter net income attributable to the company of $148.5 million or $2.68 per share compared with $151.1 million or $2.51 per share last year.

Revenues for the quarter were up 18% at $1.06 billion compared with $947.70 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $2.43 per share on revenues of $1.02 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, the company expects earnings of $1.10 to $1.18 per share on revenue growth of 12.5 to 14.08%. Analysts expect earnings of $1.30 per share on revenue growth of 11.30%.

For fiscal year 2014, the company now expects earnings of $6.90 to $7.30 per share on sales growth of 8% to 10%. Analysts expect earnings of $7.22 per share on sales growth of 9.60% for the year.