US-based watch maker Fossil has posted quarterly results that beat market estimates as its domestic market and direct-to-consumer sales rose, but forecast a second-quarter profit below expectation.

Fossil also sells leathergoods, belts, jewellery, sunglasses and apparel. For the first quarter, the company, which sells private-label products at mass-market stores, earned $55.8 million compared with $35.9 million a year earlier.

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