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Sells its products through a diversified distribution network that includes department stores,, specialty retail locations,cheap ray bans uk, specialty watch and jewelry stores,, owned retail and factory outlet stores,, mass market stores,, owned and affiliate Internet sites and through its FOSSIL catalogs.Watch and leather goods maker Fossil (NASDAQ:FOSL) announced Tuesday its second quarter earnings dropped as high labour and material costs weighed,ray ban, leading to a disappointing outlook for the year.For the three months ending July 2, Fossil posted net income of $51.4 million,, or $0.80 per share, down 6% from $54.5 million,, or $0.80 per share,, a year ago.Revenues rose to $556.7 million, up 35% from $412.6 million in the same period last year.Analysts had anticipated earnings of 75 cents on $536.08 million in revenues."The FOSSIL brand continues to increase its market penetration and broaden brand awareness through doubledigit growth in watches and leather goods and a comparable store sales increase of 22% globally,," said Executive VP and CFO,, Mike Kovar.Despite this growth,, the company released a disappointing outlook for the remainder of the year, as it fears higher costs will continue to squeeze margins.Fossil forecast earnings for the third quarter of between $1.00 and $1.03 per diluted share,, and between $4.44 and $4.50 per share for the full year.
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