* Sees FY12 adj earnings of $5.29-$5.34/share vs est $5.28
* Second-quarter adj earnings $0.93/share vs est $0.78
* Second-quarter rev $636.1 mln vs est $634.9 mln
* Sees third-quarter earnings $1.09-$1.11/share vs est $1.37
Aug 7 Fashion accessories maker Fossil Inc
forecast a full-year adjusted profit above analyst
estimates after posting better-than-expected quarterly results
on improved performance of its wholesale business.
Shares of the company were set to open about 20 percent
higher after closing at $69.79 on Monday on the Nasdaq.
The company, which sells its namesake brand as well as
Armani Exchange, Marc by Marc Jacobs and Michael Kors Holdings
Ltd products, expects full-year earnings of $5.20 to
$5.25 per share. It expects adjusted earnings of $5.29 to $5.34
Analysts on average were expecting it to earn $5.28 per
share, according to Thomson Reuters I/B/E/S.
Second-quarter earnings rose to $57.3 million, or 92 cents
per share, from $51.4 million, or 80 cents per share, a year
earlier. On an adjusted basis they earned 93 cents.
Revenue rose 14.3 percent to $636.1 million.
Analysts on average had expected Fossil to earn 78 cents per
share, on revenue of $634.9 million.
Revenue at Fossil's wholesale segment, which constitutes
more than half of the company's revenue, rose about 14 percent
to $481.9 million. Wholesale revenue in North America rose 17
percent to $249.8 million on improved sales of watches and its
Skagen branded products.
Fossil bought privately held Danish watch maker Skagen
Designs Ltd in January to expand in Europe.
Revenues from the company's Direct to Consumer segment,
which includes over 400 company-owned retail stores, catalogs
and e-commerce activities, rose 15 percent to $154.2 million.