Hugo Boss : Q3 due 5 November – Sales flat, EBIT down, lowering FY 2024 forecasts
>Retail tough, wholesale ok, EBIT margin down >100bp - Hugo Boss will report results for Q3 2024 on 5 November. We forecast sales to remain flat at € 1bn. We therefore assume no major recovery after a difficult Q2. Retail should be down 1% as we don’t expect a material improvement in China, the UK or other markets. Wholesale (up 4%) should be growing similarly to what we saw in Q2, while growth in digital should remain in negative territory (down 2%). In terms regions...HUGO BOSS Group is engaged in the global apparel market. The Group, which is based in Metzingen Germany employs almost 12,500 people, generated annual sales of EUR 2.4 billion in fiscal year 2013 and is an apparel manufacturer. The Group focuses on developing and marketing high-end women's and men's fashion and accessories. With its brand including the BOSS core brand, the lines BOSS Orange, BOSS Green and the progressive brand HUGO, Co. targets different, consumer groups. The brands consists of modern business wear, evening wear and sportswear, shoes and leather accessories as well as licensed fragrances, eyewear, watches, children's fashion, home textiles and mobile accessories.
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