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...
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.
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.
Shares of Hugo Boss fell as much as 11% on Tuesday after the iconic German clothing company said its fourth-quarter earnings would fall short of analyst expectations.
BOSSY's turnaround situation is progressing positively, with the ability to raise prices and a strong order book indicating strong growth ahead. In 3Q23, BOSSY saw 15% organic sales growth and 10% growth on a reported basis, with growth across regions. The inventory situation is normalizing, and gross margin is expected to expand in 4Q23.
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