×
1 259
Fashion Jobs
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
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.