|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.15 - 12.21|
|52 Week Range||11.58 - 19.14|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||16.80|
|Forward Dividend & Yield||0.61 (4.40%)|
|1y Target Est||N/A|
Hugo Boss said the renovation of several major stores should revive sales growth after the German fashion house reported a drop in first-quarter earnings due to reorganisation costs, higher marketing spending and a strong U.S. dollar. Finance chief Yves Mueller said stores had already been reopened in New York and Tokyo, while the refurbishment of the company's biggest flagship store on the Champs Elysees in Paris, and a store in Chicago will be complete after the summer. "Store optimisations will drive performance," Mueller told a conference call for analysts.
German fashion house Hugo Boss said it expected its operating profit to rise faster than sales in 2019, predicting strong momentum in its online business and Asia. Known for its smart men's suits, Hugo Boss has introduced more casual and sportswear styles to appeal to a younger audience and invested heavily in its online offer after a bid to go upmarket backfired a few years ago. "We are ensuring profitable growth in 2019 and beyond.
Hugo Boss AG (BOSS.XE) said Thursday that its 2018 net profit rose, and it set higher targets for 2019. The German premium apparel maker’s 2018 net profit was 236 million euros ($266.8 million), up 2.
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.
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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