NEW YORK, NY / ACCESSWIRE / May 11, 2017 / Fossil's shares sunk after a nightmare quarterly report that proved just how bad the retail market has become for traditional watches since Apple released its iWatch. SodaStream also saw a big loss on Wednesday despite releasing a Q1 report that beat on both the top and bottom line.

RDI Initiates Coverage on:

SodaStream International Ltd.
https://ub.rdinvesting.com/news/?ticker=SODA

Fossil Group, Inc.
https://ub.rdinvesting.com/news/?ticker=FOSL

SodaStream International Ltd. shares dropped 6.95% on Wednesday despite releasing positive first quarter results. The carbonated beverage system maker reported earnings of 66 cents per share. Not only was this an amazing increase of nearly 130% year over year, but it beat the Zacks consensus estimate of 38 cents per share. Revenue at $115.3 million was also a 14.3% increase from the year ago quarter and was higher than the $109.8 million that Zacks expected. While the selling off makes no sense, SodaStream shares are still up over 30% since the start of the year.

Access RDI's SodaStream Research Report at:
https://ub.rdinvesting.com/news/?ticker=SODA

Fossil Group, Inc. shares closed down 20.44% on Wednesday and even hit a new low of 13.65 after the company reported a really, really bad first quarter earnings report. Fossil reported sales of $581.8 million, which came in well below the $591 million that Reuters was looking for. A loss of $0.65 per share was also steeper than the $0.34 loss that Reuters expected. It won't get any better as company's management expects second quarter sales to see a drop between 8% and 11.5%. CEO Kosta Kartsoti commented, "Our results for the quarter, while largely in line with our expectations, continue to reflect a challenging retail environment and the watch category undergoing significant change. The strategies we are pursuing in the midst of these headwinds enable us to better compete in the environment and capitalize on the growing importance of technology to the watch." It's no surprise that with the Apple Watch, the traditional watch market has suffered. Since 2012, Fossil shares have lost 90% of their value.

Access RDI's Fossil Research Report at:
https://ub.rdinvesting.com/news/?ticker=FOSL

Our Actionable Research on SodaStream International Ltd. (NASDAQ: SODA) and Fossil Group, Inc. (NASDAQ: FOSL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com