On Nov. 14, Fossil (NASDAQ:FOSL) released its preliminary third-quarter earnings for the period ended Oct. 7.

  • Fossil is currently reviewing its equity-granting practices, so these results will be preliminary until the review is completed.
  • Sales increased by 16.4% to $299.7 million, as total international wholesale sales rose 18.3%.
  • The company anticipates net sales growth in the low double-digit range for the fourth quarter of fiscal year 2006.
  • Fossil is currently not rated in the Motley Fool CAPS community. Join the stock-rating service for free today, and make your opinion known!

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$299.7

$257.5

16.4%

Net Profit

$21.9

$22.3

(2.0%)

EPS

$0.32

$0.30

6.7%

Diluted Shares

68.6

73.6

(6.8%)



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

49.4%

52.4%

(2.9)

Operating Margin

11.1%

13.7%

(2.6)

Net Margin

7.3%

8.7%

(1.4)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$77.1

$88.6

(13.0%)

Accounts Rec.

$168.7

$151.8

11.1%

Inventory

$269.9

$261.1

3.4%



Liabilities

Q3 2006

Q3 2005

Change

Notes Payable

$54.7

$14.1

287.9%



Learn the ways of the balance sheet.

Cash Flow Highlights

No cash-flow statement provided. (Boooooo!)

Find out why Fools always follow the money.

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Related Foolishness:

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