BERLIN — Hugo Boss on Tuesday posted third-quarter gains in both profits and sales, with its men's and women's categories gaining ground from a year ago.
Profits for the group rose 13.9 percent to $129.1 million from $113.4 million last year. Group sales rose 6.1 percent to $773.1 million in the quarter from $728.9 million last year. All dollar figures were calculated from the euro at average exchange rates for the quarter.
Boss Womenswear surged ahead 22.8 percent to $96 million in the quarter from $78.2 million last year. Boss Menswear sales grew by 4.7 percent to $611.4 million from $583.7 million.
For the first nine months of this year, profits jumped 35.1 percent to $221.8 million from $164.1 million. Sales rose by 9.2 percent to $1.92 billion from $1.76 billion last year.
Geographically, group sales in the first nine months rose 10 percent in Europe, with domestic sales up 4 percent. In the U.S., sales grew 11 percent on a currency-adjusted basis. However, currency-adjusted sales via wholesalers jumped 21 percent in the U.S., while sales in the group's own stores gained 19 percent, the company said. In Asia and other regions, sales grew a nominal 6 percent on a currency-adjusted basis.
For 2007 as a whole, the managing board continues to anticipate a currency-adjusted sales gain of 10 to 12 percent, with earnings before interest and taxes rising 12 to 15 percent compared with a year ago.
Boss products, which consist of the core Boss brand and the trendier Hugo Boss brand, are sold in more than 100 countries.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"