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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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BROKERS ĐƯỢC CẤP PHÉP
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02-06-2023 09:22:22 (UTC+7)

EUR/USD

1.0764

+0.0002 (+0.02%)

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EUR/USD

1.0764

+0.0002 (+0.02%)

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GBP/USD

1.2536

+0.0009 (+0.07%)

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USD/JPY

138.87

+0.07 (+0.05%)

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AUD/USD

0.6602

+0.0031 (+0.47%)

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USD/CAD

1.3439

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EUR/JPY

149.48

+0.11 (+0.07%)

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EUR/CHF

0.9742

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1,996.25

+0.75 (+0.04%)

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24.003

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3.7130

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74.47

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183.95

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Euro Stoxx 50

4,257.61

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4,221.02

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1,767.94

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44.850

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204.20

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150.74

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9.157

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156.68

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    EUR/USD 1.0764 Sell  
    GBP/USD 1.2536 Buy  
    USD/JPY 138.87 ↑ Buy  
    AUD/USD 0.6602 ↑ Buy  
    USD/CAD 1.3439 ↑ Sell  
    EUR/JPY 149.48 Buy  
    EUR/CHF 0.9742 Neutral  
    Gold 1,996.25 Neutral  
    Silver 24.003 Buy  
    Copper 3.7130 ↑ Buy  
    Crude Oil WTI 70.25 Sell  
    Brent Oil 74.47 Neutral  
    Natural Gas 2.167 ↑ Sell  
    US Coffee C 183.95 Sell  
    Euro Stoxx 50 4,257.61 Neutral  
    S&P 500 4,221.02 ↑ Buy  
    DAX 15,853.66 ↑ Buy  
    FTSE 100 7,490.27 ↑ Sell  
    Hang Seng 18,795.50 ↑ Buy  
    Small Cap 2000 1,767.94 ↑ Buy  
    IBEX 35 9,167.50 Sell  
    BASF 44.850 ↑ Buy  
    Bayer 51.90 ↑ Buy  
    Allianz 204.20 ↑ Buy  
    Adidas 150.74 ↑ Buy  
    Lufthansa 9.157 ↑ Sell  
    Siemens AG 156.68 Neutral  
    Deutsche Bank AG 9.578 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,655/ 6,695
(15/ 15) # 1,066
SJC HCM6,645/ 6,705
(5/ 5) # 1,076
SJC Hanoi6,645/ 6,707
(5/ 5) # 1,078
SJC Danang6,645/ 6,707
(5/ 5) # 1,078
SJC Nhatrang6,645/ 6,707
(5/ 5) # 1,078
SJC Cantho6,645/ 6,707
(5/ 5) # 1,078
Cập nhật 02-06-2023 09:22:24
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Cập nhật lúc 09:19:52 02/06/2023
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