Fossil reports that it expects brand sales to reach $1.4B in 2012 compared to $735M in 2007.
Fossil reports a net sales increase of 16.8% to $356.2M from $304.8M and a 50.9% increase in operating income to $49.1M.
Fossil reported second quarter profits exceeding expectations, which led to an increase in the share prices. The company reported a net profit of $14.7 million compared to $11.2 million in the previous year. Also, SEC did not recommend any action after investigating their option accounting practices.