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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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04-12-2023 20:28:35 (UTC+7)

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1.0872

-0.0009 (-0.08%)

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EUR/USD

1.0872

-0.0009 (-0.08%)

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GBP/USD

1.2672

-0.0027 (-0.22%)

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USD/JPY

146.64

-0.17 (-0.12%)

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Neutral

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Buy (3)

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AUD/USD

0.6653

-0.0019 (-0.28%)

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USD/CAD

1.3527

+0.0029 (+0.22%)

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EUR/JPY

159.43

-0.17 (-0.10%)

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0.9482

+0.0015 (+0.16%)

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2,085.10

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25.718

-0.139 (-0.54%)

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3.8647

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74.01

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78.85

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2.720

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179.68

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Euro Stoxx 50

4,413.75

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S&P 500

4,594.63

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DAX

16,414.78

+17.26 (+0.11%)

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FTSE 100

7,501.67

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16,650.00

-197.00 (-1.17%)

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1,862.64

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10,166.12

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43.570

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30.77

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234.18

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194.20

-0.04 (-0.02%)

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8.310

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157.40

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11.523

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    EUR/USD 1.0872 ↑ Buy  
    GBP/USD 1.2672 ↑ Buy  
    USD/JPY 146.64 Neutral  
    AUD/USD 0.6653 ↑ Buy  
    USD/CAD 1.3527 ↑ Sell  
    EUR/JPY 159.43 ↑ Buy  
    EUR/CHF 0.9482 ↑ Buy  
    Gold 2,085.10 ↑ Sell  
    Silver 25.718 ↑ Buy  
    Copper 3.8647 ↑ Buy  
    Crude Oil WTI 74.01 ↑ Buy  
    Brent Oil 78.85 ↑ Buy  
    Natural Gas 2.720 ↑ Buy  
    US Coffee C 179.68 ↑ Sell  
    Euro Stoxx 50 4,413.75 ↑ Buy  
    S&P 500 4,594.63 ↑ Buy  
    DAX 16,414.78 Buy  
    FTSE 100 7,501.67 ↑ Buy  
    Hang Seng 16,650.00 ↑ Sell  
    Small Cap 2000 1,862.64 ↑ Buy  
    IBEX 35 10,166.12 ↑ Buy  
    BASF 43.570 ↑ Buy  
    Bayer 30.77 ↑ Buy  
    Allianz 234.18 ↑ Sell  
    Adidas 194.20 ↑ Sell  
    Lufthansa 8.310 ↑ Buy  
    Siemens AG 157.40 ↑ Buy  
    Deutsche Bank AG 11.523 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,300/ 7,400
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SJC Hanoi7,300/ 7,422
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SJC Danang7,300/ 7,422
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SJC Nhatrang7,300/ 7,422
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SJC Cantho7,300/ 7,422
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Cập nhật 04-12-2023 20:28:37
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Cập nhật lúc 18:54:29 04/12/2023
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