Winning FOSL Stock Forecast: Fossil Group shows great comeback after loss in 2018

Winning FOSL Stock Forecast: Fossil Group shows great comeback in 2018 

“We had an encouraging start to the year, delivering first quarter sales results that were stronger than our expectations. This performance reflects the disciplined execution of our strategy which capitalizes on our strong design, innovation, distribution and operating capabilities.

-Kosta Kartsotis, Chairman and CEO

(Source: Wikimedia Commons)

Fossil Group, Inc., incorporated on December 26, 1991, is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment includes sales to customers based in Canada, Latin America and the United States. The Europe segment includes sales to customers based in European countries, the Middle East and Africa. The Asia segment includes sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Company’s principal offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses and soft accessories. The Company’s products are distributed through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer (D2C) through its retail stores and commercial Websites and through third-party distributors in countries where it do not maintain a physical presence.


In 2017, Fossil Group suffered huge declines in share prices due to constant worse-than-expected quarterly results. Revenue remained relatively constant, but costs kept rising, hacking away at gross margins quarter after quarter. To turn the tides around, Fossil Group made successful reinvestment efforts to curb costs by closing unprofitable retail stores and exiting unprofitable product lines. Fossil Group received wide appraisal from investors, and share prices gained almost 150% during the first four and a half months of 2018. During Q1 2018, connected watch sales almost doubled, and Fossil brand watch sales increased by 4% globally and comparable retail sales grew by 5%. Fossil Group also added Puma as its new licensed watch brand.

Such efforts were clearly portrayed during the supersize booth held by Fossil Group at JCK Las Vegas. Fossil Group showcased products from its core Fossil brand and products from Fossil-licensed labels including Michael Kors, Kate Spade New York, and Skagen.

On March 8th, I Know First’s algorithm made a bullish forecast on FOSL for a time frame of 3 months. As shown below, the signal strength was 132.10, and the predictability rating was 0.26. In accordance with the forecasts, FOSL grew by 112.26% by June 8th. The gains of 112.26% during the 3 month period highlight I Know First’s algorithm’s accuracy.

Current I Know First subscribers received this bullish FOSL forecast on March 8th, 2018.

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