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Fossil Posts Record Breaking 2nd Quarter Results

October 18, 2010

I thought I would share with you some great news regarding Fossil.

Fossil had an impressive 2nd quarter, with net sales and earnings reaching record levels. Here are a few highlights of the results (2010 vs 2009):

- Net Sales increased by 30.6% to $412M compared to $315.9M
- Gross Profit rose 41.7% to $236.9M, compared to $167.2M
- Operated Income increased by 186.3% to $64.3M, compared to $22.5M
- Net Income increased by 227.8% to $54.5M, compared to $16.6M
- Comparable store sales increased 15.5%

As for Canada, I am pleased to announce that Fossil opened their 9th Canadian store, in late September in the new $277M expansion area at Chinook Centre, in Calgary, Alberta (see photo). Stay tuned for more exciting news on Fossil.