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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 19:27:43 (UTC+7)

EUR/USD

1.0853

+0.0015 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

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Sell (3)

EUR/USD

1.0853

+0.0015 (+0.14%)

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↑ Buy

Moving Avg:

Buy (8)

Sell (4)

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GBP/USD

1.2679

+0.0029 (+0.23%)

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↑ Buy

Moving Avg:

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USD/JPY

150.39

+0.28 (+0.19%)

Summary

↑ Sell

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Buy (2)

Sell (10)

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AUD/USD

0.6522

-0.0001 (-0.01%)

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↑ Buy

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USD/CAD

1.3569

+0.0012 (+0.09%)

Summary

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EUR/JPY

163.21

+0.60 (+0.37%)

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EUR/CHF

0.9598

+0.0016 (+0.17%)

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2,091.15

-4.55 (-0.22%)

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Silver Futures

23.348

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3.8682

+0.0067 (+0.17%)

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Neutral

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79.41

-0.56 (-0.70%)

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83.08

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1.954

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185.70

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Euro Stoxx 50

4,911.55

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17,735.05

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10,049.08

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47.225

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28.48

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251.57

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186.15

-0.85 (-0.45%)

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7.068

-0.123 (-1.71%)

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181.65

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12.550

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 EUR/USD1.0853↑ Buy
 GBP/USD1.2679↑ Buy
 USD/JPY150.39↑ Sell
 AUD/USD0.6522↑ Buy
 USD/CAD1.3569↑ Buy
 EUR/JPY163.21Sell
 EUR/CHF0.9598Neutral
 Gold2,091.15Sell
 Silver23.348↑ Buy
 Copper3.8682Neutral
 Crude Oil WTI79.41↑ Sell
 Brent Oil83.08↑ Sell
 Natural Gas1.954↑ Buy
 US Coffee C185.70↑ Buy
 Euro Stoxx 504,911.55↑ Buy
 S&P 5005,137.08↑ Buy
 DAX17,735.05↑ Buy
 FTSE 1007,643.84↑ Sell
 Hang Seng16,595.97↑ Buy
 Small Cap 20002,076.39↑ Buy
 IBEX 3510,049.08↑ Sell
 BASF47.225↑ Sell
 Bayer28.48↑ Buy
 Allianz251.57↑ Sell
 Adidas186.15Sell
 Lufthansa7.068↑ Sell
 Siemens AG181.65↑ Sell
 Deutsche Bank AG12.550↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,850/ 8,000
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SJC HCM7,840/ 8,040
(60/ 10) # 1,804
SJC Hanoi7,840/ 8,042
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SJC Danang7,840/ 8,042
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SJC Nhatrang7,840/ 8,042
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SJC Cantho7,840/ 8,042
(60/ 10) # 1,806
Cập nhật 04-03-2024 19:27:46
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Cập nhật lúc 18:53:11 04/03/2024
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