×
6 673
Fashion Jobs
HARVEY NICHOLS KNIGHTSBRIDGE
Collect in Store Consultant
Permanent · LONDON
FRASERS GROUP
HR Systems Administrator
Permanent · SHIREBROOK
FRASERS GROUP
Site SEO Manager
Permanent · STRETFORD
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, Stratford (Westfield)
Permanent · London
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, White City London (Westfield)
Permanent · London
SELFRIDGES
Tech Business Analyst - Customer & Omni
Permanent · LONDON
NEXT
Sales Manager - Coventry Arena RP
Permanent · COVENTRY
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · SELBY
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · EPSOM
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent · SALE
EVERLAST GYMS
Assistant General Manager - Everlast Fitness
Permanent · DENTON
FRASERS GROUP
Warehouse Section Manager - Night Shift
Permanent · SHIREBROOK
VIVIENNE WESTWOOD
PA to Creative Director
Permanent · LONDON
DR. MARTENS
eu HR Administrator - French And/or German Speaking
Permanent · LONDON
HARRODS
Cleaning Operative- Day or Night
Permanent · LONDON
HARRODS
Uniform Security Officer (Cctv Operator)
Permanent · LONDON
FLANNELS
Beauty Brand Manager - Pat Mcgarth
Permanent · BELFAST
HUGO BOSS UK LTD.
Sales Executive - Shoes & Accessories + Bodywear & Hosiery
Permanent ·
HUGO BOSS UK LTD.
Womenswear Sales Manager
Permanent ·
HUGO BOSS UK LTD.
Ecommerce Marketplace Manager Northern Hub
Permanent ·
HUGO BOSS UK LTD.
Finance Manager (Maternity Contract)
Permanent ·
HUGO BOSS UK LTD.
Sales Executive Boss Menswear
Permanent ·
Ads
Published
May 12, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fossil Q1 sales rise 5%

Published
May 12, 2015

Texas-based Fossil Group Inc. last week reported revenue figures for its first quarter that beat the earnings estimates of most analysts. The company announced a 5% increase in net sales for Q1 after accounting for the strengthening U.S. dollar and removing an extra week from last year’s first-quarter results.

The Georgia three-hand leather watch set Fossil


Fossil reported a decrease in net sales of 7% or $51.4 million due to currency fluctuations but the company saw an increase in net sales by 5% on a constant currency basis.
 
On the constant currency basis, the company reported a 3% increase in sales in the Americas, a 9% increase in Europe, and a 4% increase in Asia compared to last year. Jewelry sales led the way with an increase of 30%, followed by leathers that increased 4% in sales, and finally watch sales that increased 3%.

Kosta Kartsotis, Chief Executive Officer, commented on the results: "With our first quarter complete, we feel we are on track to achieve our goals for the year. Our diversified global operating platform and powerful brands continued to serve us well, leading to first quarter net sales and overall performance that were in line with our current financial expectations."
 
The company forecasts sales to remain steady for the second quarter and the year on the constant currency basis. It also expects to continue to see a negative impact on sales due to the changes in currency.

Copyright © 2022 FashionNetwork.com All rights reserved.