×
75 194
Fashion Jobs
UNDER ARMOUR
Stock Teammate, Part-Time 6am Shift, $15.75 Per Hour
Permanent · CAMARILLO
UNDER ARMOUR
Stock Teammate, Part-Time 5am-10am Shift, $15 Per Hour
Permanent · WILLIAMSBURG
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · ELIZABETH
URBN
Anthropologie Public Relations Coordinator
Permanent · PHILADELPHIA
URBN
Anthropologie Visual Merchandising Manager
Permanent · TIGARD
URBN
Anthropologie Senior Fabric Manager
Permanent · PHILADELPHIA
URBN
Anthropologie Visual Merchandising Manager
Permanent · ANN ARBOR
URBN
Urbn Inventory Control/Quality Audit
Permanent · RENO
URBN
Urbn Security Officer (Tuesday - Thursday Day Shift)
Permanent · GAP
BATH & BODY WORKS
Senior Financial Analyst, Marketing fp&a
Permanent · COLUMBUS
H&M
Senior Director, Sales Component Engineering
Permanent · ATLANTA
SACKS
Inventory Control - Cycle Counter
Permanent · LA VERGNE
SACKS
Vendor Compliance Analyst
Permanent · WILKES-BARRE
UNDER ARMOUR
Stock Lead, ft
Permanent · KANSAS CITY
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · DAYTONA BEACH
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · MERRIMACK
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Aventura
Permanent · MIAMI
SALLY BEAUTY CORPORATE
District Manager Sally Beauty 09661
Permanent · LITTLE ROCK
JCPENNEY
District Asset Protection Manager
Permanent · South Portland
JCPENNEY
Sales Floor Supervisor - Southpark Center
Permanent · Strongsville
SALLY BEAUTY CORPORATE
District Manager Cosmoprof 90097
Permanent · BOISE
BANANA REPUBLIC
General Manager - Powell Street
Permanent · EMERYVILLE
By
Reuters
Published
Mar 1, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fitbit sees current-quarter revenue below estimates, shares fall 11 percent

By
Reuters
Published
Mar 1, 2019

Wearable device maker Fitbit Inc forecast current-quarter revenue below analysts’ estimates on Wednesday, as the company expects its average selling price to drop, sending its shares down 11 percent in extended trading.


Fitbit


Fitbit has moved into the smartwatch market to cushion the hit from slowing growth of its popular colorful fitness trackers, but has faced tough competition from deeper-pocket companies such as Apple Inc and Samsung Electronics.

The company said its gross margin could come under pressure this year from the shift toward smartwatches and a lower warranty benefit.

Fitbit said it expects first-quarter revenue to be between $250 million and $268 million. Analysts on average were expecting revenue of $272.3 million, according to IBES data from Refinitiv.

The company forecast adjusted net loss per share in the range of 24 cents to 22 cents, while analysts were projecting a loss of 15 cents.

Fitbit sold 5.6 million devices in the fourth quarter ended Dec. 31, beating estimates of 5 million, according to research firm FactSet. Average selling price decreased 2 percent to $100 per device.

The company said new devices, including Versa, Ace and Charge 3, represented 79 percent of the total revenue.

Rival Garmin Ltd last week forecast full-year revenue and profit above expectations as well as a strong fourth quarter.

Fitbit reported a profit of $15.4 million, or 6 cents per share, for the quarter ended Dec. 31, compared with a loss of $45.5 million, or 19 cents per share, a year earlier.

Excluding items, the company earned 14 cents per share.

Revenue rose marginally to $571.2 million from $570.8 million.

Analysts on average had expected the company to earn 7 cents per share, on revenue of $569.3 million.

© Thomson Reuters 2023 All rights reserved.