Hugo Boss: stock tumbles after Q1 results
(CercleFinance.com) - The Hugo Boss share is suffering today, down around 4%, after the upmarket clothing house published Q1 2019 operating profit that is down 22% (excluding the impact of IFRS 16) at 55 million euros.
At 664 million euros, the German group's sales increased by 2% as reported and are up 1% excluding FX factors, albeit with strong regional disparities (-8% in the Americas, but +2% in Europe and +4% in Asia).
Hugo Boss is maintaining its FY 2019 targets unchanged, which include mid-single-digit sales growth and high-single-digit growth in operating profit.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
At 664 million euros, the German group's sales increased by 2% as reported and are up 1% excluding FX factors, albeit with strong regional disparities (-8% in the Americas, but +2% in Europe and +4% in Asia).
Hugo Boss is maintaining its FY 2019 targets unchanged, which include mid-single-digit sales growth and high-single-digit growth in operating profit.
Copyright (c) 2019 CercleFinance.com. All rights reserved.