|Bid||0.00 x 144300|
|Ask||0.00 x 48600|
|Day's Range||58.74 - 59.58|
|52 Week Range||58.62 - 81.40|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||18.91|
|Earnings Date||Mar 7, 2019|
|Forward Dividend & Yield||2.65 (4.41%)|
|1y Target Est||75.83|
Nov.16 -- Mark Langer, chief executive officer at Hugo Boss, discusses the changing fashion industry, the company's new focus on customer trends, the importance of the U.K. market, his concerns around Brexit, the demand for his products, new products, the business in China and his outlook for the company. He speaks exclusively on "Bloomberg Markets: European Open."
The German outfitter to affluent professionals has set out its stall for the next four years. The company said Thursday it aims to lift sales growth excluding currency movements from 4 percent this year to an annual 5-7 percent by 2022, and forecasts the operating margin will increase to 15 percent from the 12 percent estimated by analysts for 2018. The current consensus indicates a compound annual growth rate of 4.6 percent over 2019-2020, according to Luca Solca, analyst at Exane BNP Paribas.
German fashion house Hugo Boss (BOSSn.DE) set new targets to accelerate sales growth and lift profitability on Thursday as it seeks to react faster to trends, expand in Asia and quadruple the size of its own online business by 2022. After Mark Langer took over as chief executive in 2016, the company known for its smart men's suits abandoned his predecessor's bid to go more upmarket and instead trimmed prices, launching more casual styles and investing heavily in its online offer. Ahead of an investor day, Langer said he sees big growth potential for its trendier Hugo brand, which now accounts for 15 percent of sales, and for the group's business in Asia, where 20 percent of sales should come from in 2022, up from 15 percent now.
AG (BOSS.XE) said Thursday it plans to ramp up its currency-adjusted sales over the next four years as part of its 2022 strategic business plan. To achieve this, the company will focus on growing its online business as well as exploiting growth potential in Asia. Hugo Boss expects its operating profit for the period to grow at a faster rate than sales and says its earnings before interest and taxes margin should reach 15% by 2022.
German fashion house Hugo Boss set new targets to accelerate sales growth and lift profitability on Thursday as it seeks to react faster to trends, expand in Asia and quadruple the size of its own online business by 2022. After Mark Langer took over as chief executive in 2016, the company known for its smart men's suits abandoned his predecessor's bid to go more upmarket and instead trimmed prices, launching more casual styles and investing heavily in its online offer. Ahead of an investor day, Langer said he sees big growth potential for its trendier Hugo brand, which now accounts for 15 percent of sales, and for the group's business in Asia, where 20 percent of sales should come from in 2022, up from 15 percent now.
German fashion house Hugo Boss (BOSSn.DE) expects a significant improvement in sales and earnings in the fourth quarter after higher markdowns to shift unsold stock in an unseasonally long summer dented profits in the last three months. Known for its smart men's suits, Hugo Boss has been introducing more casual and sportswear styles to appeal to a younger audience and investing heavily in its online offer. Shares in Hugo Boss fell 2.3 percent in early Frankfurt trade (BOSSn.F).
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FRANKFURT/PARIS (Reuters) - Lower than expected margins dragged on Germany's Hugo Boss as it pursues a turnaround with investments in its fashion lines, eclipsing an improved sales performance. Like others in the luxury sector, Hugo Boss is benefiting from strong appetite from shoppers in Asia even against the backdrop of a U.S.-China trade spat, and the German label's performance in its home market and across Europe also improved. Gross profit margins fell to 66.9 percent of sales from 67.7 percent a year earlier, and EBITDA margins dipped too.
FRANKFURT/PARIS (Reuters) - A pick-up in European sales proved the bright spot for Hugo Boss in the second quarter, as the German fashion house pursues a turnaround in its home market and updates some of its ranges to try to draw in younger shoppers. Luxury labels worldwide, including market leaders like LVMH's Louis Vuitton and Kering's Gucci, are still benefiting from strong Chinese demand in spite of a U.S.-China trade spat that has rattled markets. Hugo Boss also did well in Asia, although the pace of sales growth in that region slowed from a quarter earlier.
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German fashion house Hugo Boss reported strong quarterly sales growth in China and the United States on Wednesday but saw a decline in its home market and for its Hugo brand that it is updating for younger consumers. After a string of profit warnings as sales fell in China and the United States in 2015 and 2016, Boss has reversed efforts to take the brand more upmarket and expand in womenswear, returning to its roots selling men's suits. It said heavy investment in integrating its websites and stores, which is denting profitability, was bearing fruit, with online sales up 43 percent in the quarter and same-store sales up 7 percent, accelerating from 3 percent in 2017.