Hugo Boss: EPS down 13% in Q3
(CercleFinance.com) - Hugo Boss announces that sales reached E1029m in Q3, stable y-o-y.
EBIT was fell 7% to E95m, with net income of E56m, down 12%.
Quarterly EPS thus came to E0.79, down 13%.
In Q3 Hugo Boss recorded a solid improvement in sales, despite the persistent weakness in consumer sentiment, management said.
As we approach the final important quarter of 2024, we will continue to invest in key strategic initiatives and projects to further strengthen our brands and intensify customers' connection to BOSS and HUGO, it added.
Against this backdrop, HUGO BOSS confirms its 2024 guidance of sales of between E4.2bn and E4.35bn and EBIT evolving between -15% to +5%, or around E350m to E430m (vs. E410m in 2023), taking into account continuing uncertainty in the market.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
EBIT was fell 7% to E95m, with net income of E56m, down 12%.
Quarterly EPS thus came to E0.79, down 13%.
In Q3 Hugo Boss recorded a solid improvement in sales, despite the persistent weakness in consumer sentiment, management said.
As we approach the final important quarter of 2024, we will continue to invest in key strategic initiatives and projects to further strengthen our brands and intensify customers' connection to BOSS and HUGO, it added.
Against this backdrop, HUGO BOSS confirms its 2024 guidance of sales of between E4.2bn and E4.35bn and EBIT evolving between -15% to +5%, or around E350m to E430m (vs. E410m in 2023), taking into account continuing uncertainty in the market.
Copyright (c) 2024 CercleFinance.com. All rights reserved.