Hugo Boss AG (BOSSY)
| Previous close | 10.92 |
| Open | 10.21 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 10.21 - 10.25 |
| 52-week range | 10.19 - 16.93 |
| Volume | |
| Avg. volume | 1,439 |
| Market cap | 3.537B |
| Beta (5Y monthly) | 1.41 |
| PE ratio (TTM) | 12.81 |
| EPS (TTM) | 0.80 |
| Earnings date | 01 Aug 2024 |
| Forward dividend & yield | 0.29 (2.64%) |
| Ex-dividend date | 15 May 2024 |
| 1y target est | N/A |
ReutersHugo Boss shares fall on weaker China demand, US uncertainty
(Reuters) -Shares in Hugo Boss slumped nearly 10% on Thursday, hitting their lowest level since 2022 after the premium apparel brand flagged weaker demand in China and concern about U.S. consumer sentiment ahead of the presidential election. The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new points of sale in 2023, but its shares have fallen this year as it warned of slower sales growth. In the Americas region, Hugo Boss first-quarter sales were up 11% compared to the same quarter last year, but slowing compared with a growth of 18% in the previous quarter.
ZacksNew Strong Sell Stocks for April 3rd
BOSSY, SBOW and UWMC have been added to the Zacks Rank #5 (Strong Sell) List on April 3, 2023.
ReutersHugo Boss disappoints with 2024 outlook, shares tumble
Hugo Boss warned of much slower sales growth this year and forecast a profit below analyst estimates, sending shares in the German fashion house down 17% on Thursday and set for their worst session in eight years. It expects sales growth of 3% to 6% to around 4.30-4.45 billion euros, it said, below the 4.56 billion seen by analysts a company-provided poll and sharply below 18% growth in 2023. "This triggers concerns about possibly fiercer promotional activity this year weighing on the gross margin," said Cedric Rossi, next-gen consumer analyst at Bryan Garnier.
