BERLIN — Strong performance of the group’s own retail business continued to propel sales and earnings growth at Hugo Boss in the third quarter.
Net income for the quarter ended Sept. 30 rose 9 percent to 112.5 million euros, or $149 million at average exchange rates for the period. Earnings before interest and taxes increased 5 percent to 150.5 million euros, or $199.4 million. Chief financial officer Mark Langer said improvements in gross profit margin, which gained 340 basis points in the quarter, were the main driver of the earnings gain.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)