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Hugo Boss FY preliminary results beat own guidance

(Reuters) - Hugo Boss on Tuesday reported a double-digit rise in preliminary full-year sales and earnings, slightly ahead of its own guidance, citing ongoing solid demand after a...
Hugo Boss FY preliminary results beat own guidance © Reuters. Shirts and ties are on display in the Hugo Boss section in the Central Universal Department Store (TsUm) in Kiev, Ukraine May 17, 2017. REUTERS/Valentyn Ogirenko/Files

(Reuters) - Hugo Boss on Tuesday reported a double-digit rise in preliminary full-year sales and earnings, slightly ahead of its own guidance, citing ongoing solid demand after a brand revamp during 2022.

Currency-adjusted sales in 2022 rose 27% to a record level of 3.65 billion euros ($3.95 billion), the company said in a statement, while its operating profit (EBIT) increased 47% to 335 million euros.

The German fashion house had previously forecast sales in a range of 3.5 billion and 3.6 billion euros, with an increase in EBIT between 35% and 45%.

"Overall the buyside was already sitting ahead of Hugo Boss guidance," J.P. Morgan analyst Chiara Battistini wrote in a note, adding she would not expect to see further strength in the shares on Tuesday.

The stock was down 0.5% in early Frankfurt trade.

Hugo Boss said it would publish its final results for 2022 and its outlook for 2023 on March 9.

($1 = 0.9248 euros)

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04-03-2024 15:19:35 (UTC+7)

EUR/USD

1.0849

+0.0012 (+0.11%)

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EUR/USD

1.0849

+0.0012 (+0.11%)

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GBP/USD

1.2672

+0.0022 (+0.18%)

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USD/JPY

150.26

+0.15 (+0.10%)

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AUD/USD

0.6523

0.0000 (0.00%)

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USD/CAD

1.3564

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EUR/JPY

163.01

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EUR/CHF

0.9563

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23.358

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10,066.96

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47.530

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28.15

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251.78

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187.88

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7.135

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181.63

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    EUR/USD 1.0849 ↑ Sell  
    GBP/USD 1.2672 ↑ Sell  
    USD/JPY 150.26 ↑ Sell  
    AUD/USD 0.6523 ↑ Sell  
    USD/CAD 1.3564 ↑ Buy  
    EUR/JPY 163.01 ↑ Sell  
    EUR/CHF 0.9563 Sell  
    Gold 2,094.15 ↑ Sell  
    Silver 23.358 Buy  
    Copper 3.8747 Neutral  
    Crude Oil WTI 79.96 ↑ Sell  
    Brent Oil 83.64 ↑ Sell  
    Natural Gas 1.885 Buy  
    US Coffee C 184.13 Neutral  
    Euro Stoxx 50 4,901.55 ↑ Buy  
    S&P 500 5,137.08 ↑ Buy  
    DAX 17,735.05 Sell  
    FTSE 100 7,664.00 ↑ Sell  
    Hang Seng 16,582.48 ↑ Buy  
    Small Cap 2000 2,076.39 ↑ Buy  
    IBEX 35 10,066.96 ↑ Sell  
    BASF 47.530 ↑ Sell  
    Bayer 28.15 ↑ Sell  
    Allianz 251.78 Sell  
    Adidas 187.88 Neutral  
    Lufthansa 7.135 Neutral  
    Siemens AG 181.63 Buy  
    Deutsche Bank AG 12.435 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,850/ 8,000
(50/ 50) # 1,751
SJC HCM7,870/ 8,070
(90/ 40) # 1,821
SJC Hanoi7,870/ 8,072
(90/ 40) # 1,823
SJC Danang7,870/ 8,072
(90/ 40) # 1,823
SJC Nhatrang7,870/ 8,072
(90/ 40) # 1,823
SJC Cantho7,870/ 8,072
(90/ 40) # 1,823
Cập nhật 04-03-2024 15:19:37
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Ngoại tệMua vàoBán ra
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Cập nhật lúc 15:10:59 04/03/2024
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