By  on November 6, 2018

BERLIN — Europe’s long, hot summer and a challenging market environment negatively impacted third-quarter earnings performance at Hugo Boss. The German apparel group posted an 18 percent drop in net income and a 12 percent decline in earnings before interest, taxes, depreciation and amortization before special items, while sales were flat for the period ending Sept. 30.

Nonetheless, anticipating “significant growth in sales and earnings in the fourth quarter,” Boss confirmed its full-year sales and earnings guidance. Regarding gross profit margin, which declined 240 basis points in the third quarter, Boss is now forecasting a decline of between 50 and 100 basis points for the full year.

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