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Relations heading on Fossil's website.
Please note that you may listen to a live webcast
cheap cheap Michael Kors Jet Set Checkerboard Large Orange Totes Michael Kors Selma Logo Signature Large Grey Totes or replay of this call by visiting Fossil's website and then clicking on About Us at the bottom of the home page, and then on webcast under the connections heading.
Now, I would like to turn the call over to Fossil's Chairman and CEO, Kosta Kartsotis.
Thanks, Allison. Good morning, everyone. Joining us today in our Dallas
cheap Michael Kors Jet Set Plastic Medium Brown Totes office to discuss our first quarter are Mike Kovar, our CFO; and Jennifer Pritchard, cheap Michael Kors Logo Monogram Medium Red Totes our President of Retail.
Our second quarter net sales of $636 million represented an 18% increase from last year in constant currency. These sales results were higher than consensus estimates, even though we saw increasing currency headwinds during the quarter.
In addition the company delivered double digit sales growth across all of our business segments. Please also keep in mind that last year our sales increased in the second quarter was a plus 35%. As a result of our
cheap Michael Kors Bedford Logo Large Ivory Totes broad based sales growth coupled with a gross margin and expense leverage that has surpassed our initial expectations our reported earnings per share of $0.92 significantly beat our guidance and represented a 15% increase over the prior year quarter.
At just less than $3 billion in sales projected for 2012
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