Hugo Boss Aktie News

Hugo Boss AG. (OTCPK:BOSSY) Q1 2024 Earnings Conference Call May 2, 2024 5:00 AM ET Company Participants Christian Stohr - SVP of IR Daniel Grieder - CEO Yves Muller - CFO & COO Conference Call Participants Grace Smalley - Morgan Stanley Manjari Dhar - RBC Anthony Charchafji - BNP Paribas Exane Frederick Wild - Jefferies Rogerio Fujimori - Stifel Thomas Chauvet - Citi Jurgen Kolb - Kepler Cheuv...

Hugo Boss has guided for growth over the year ahead after first-quarter profit beat expectations. Earnings before interest and tax came in 6% higher at €69 million (£59 million), above analysts' expectations for €65 million, the company reported on Thursday.

Hugo Boss has seen strong sales growth, particularly in its Menswear and Womenswear segments, as well as in its brick-and-mortar retail and digital channels. The company's liquidity position has improved slightly, but there has been an increase in non-current liabilities. Hugo Boss has the potential for further sales and earnings growth through its store refreshment plan, digital sales growth, ...

Hugo Boss AG (OTCPK:BOSSY) Q4 2023 Results Conference Call March 7, 2024 5:00 AM ET Company Participants Christian Stohr - SVP of IR Daniel Grieder - CEO Yves Muller - CFO & COO Conference Call Participants Grace Smalley - Morgan Stanley Anthony Charchafji - BNP Paribas Zuzanna Pusz - UBS Frederick Wild - Jefferies Thomas Chauvet - Citi Jurgen Kolb - Kepler Cheuvreux Michael Kuhn - Deutsche Ban...

Shares of Hugo Boss plunged 18% on Thursday, after the company warned that it may fail to meet its 2025 sales target.

Hugo Boss gave earnings projections for this year that are below analysts' current forecasts and warned that it might not meet its 2025 sales guidance due to weak consumer sentiment.

Zwar blieb Hugo Boss 2023 beim EBIT etwas unter den Markterwartungen, dafür konnte der Modekonzern mit seinem Wachstum überzeugen.

Is it a case of normalization, inflation, or simply a need for brands and retailers to put in extra effort to connect with consumers, particularly those who could become lifelong customers? PYMNTS explored this question amid the current slowdown in luxury retail.