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"We believe we are in the early stages of this process and that there is a significant global opportunity in front of us as the Fossil brand becomes even clear and more aspirational. The brand is strong in both men's and women's side of the business and works all over the world. As we expand around the globe, our positioning as an accessories based lifestyle brand gives us huge advantages as these categories carry higher margins, have shorter lead times and have less Obsolescence along the categories.
This guidance falls below consensus estimates of EPS of $0.89 and revenue of $959.47 million. borse michael kors
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