$FOSL 2Q15 Call: Sales came below expectation as both Europe and Asia grew at a lower rate than anticipated. In the quarter, gross profit decreased to $410MM and gross margin declined 220 BP to 55.3%. Operating expenses decreased 6% to $339MM, largely due to the impact of changes in foreign currency.
$FTR reorganized its business structure with the creation of new consumer and commercial business. The company said that the previous structures were more regionally focused and it had seven regions structure before the reorganization.
$PCLN believes that over the next decade China will continue to be
one of the largest opportunities for travel growth in terms of increasing market
share for the company. $PCLN also sees opportunities to increase domestic market
share in the US.
$PRGO said that in the Consumer Healthcare business, it has been seeing certain pricing pressure. Therefore, across categories $PRGO competes in, it has competitive pricing. The company expects pricing pressure to continue in different segments going forward. But given the growth in new products, $PRGO expects to overcome the pricing challenges.