Fossil Reports Q4 EPS $1.87 vs $1.77 Est; Revenues $830.8M vs $841.41M Est

Fossil, Inc.

today reported net sales and earnings for the thirteen-week and fifty-two week periods ended December 31, 2011. Fourth Quarter Results (2011 vs 2010): Net sales increased 18.5% to $830.8 million compared to $701.1 million; Gross profit increased 16.4% to $465.9 million, or 56.1% of net sales, compared to $400.1 million, or 57.1% of net sales; Operating income increased 16.6% to $174.4 million, or 21.0% of net sales, compared to $149.5 million, or 21.3% of net sales; Net income increased 22.0% to $117.9 million compared to $96.7 million; and Diluted earnings per share increased 28.1% to $1.87 per diluted share on 63.2 million shares compared to $1.46 per diluted share on 66.3 million shares.