METZINGEN, Germany — Smarting from a nearly 50 percent drop in first-half profits emanating from its U.S. operations, Hugo Boss AG pulled back its full-year earnings forecast for the second time in as many months.

Citing sluggish consumer spending, unfavorable currency and internal and external troubles in the U.S., Hugo Boss AG reported net income for the first six months of 2002 was $30 million, compared to $59.8 million for the same period in 2001.

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