By and  on February 12, 2013

Fossil Inc. posted double-digit percent gains in both fourth-quarter profits and sales, and said separately that it has signed a global licensing agreement with Tory Burch.

The watch firm said income for the three months ended Dec. 29 rose 28.2 percent to $151.1 million, or $2.51 a diluted share, from $117.9 million, or $1.87, last year. Sales rose 14.1 percent to $947.7 million from $830.8 million. The firm said global retail comparable-store sales rose 2.4 percent, representing the 19th consecutive quarter of positive comps.

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