BUZZ-Hugo Boss: warning sends shares to bottom of Stoxx

** Hugo Boss (Xetra: BOSA.DE - news) falls 8%, biggest one-day loss in 4 years after German fashion house lowers FY profits and sales outlook as slowdown in China and more hesitant tourist shoppers in US hurt Q3 results

** Co now expects sales and core profit to each rise by 3-5% on a currency-adjusted basis; had previously expected a mid single-digit percentage rise in currency-adjusted sales this year and EBITDA to rise 5-7%

** Says outlook assumes Q4 retail comparable store sales will remain stable or develop positively v prior yr quarter)

** Commerzbank (Xetra: CBK100 - news) analyst Andreas Riemann writes in a client note that even the revised outlook seems "ambitious"

** "We are surprised that management decided to lower their 2015 profit target only by 2% given that the earnings shortfall in Q3 alone equals 4% of FY EBITDA. Consequently, the new guidance requires some 14% y/y growth in adjusted EBITDA in Q4"

** Warning comes on heels of Burberry, on Thursday, reporting sharp slowdown in China sales; luxury stocks weak across board on Friday, with Kering (Swiss: KER.SW - news) -2.2%, LVMH -1.2%, Swatch -2.2% and Tod's -1.2%

** Stoxx 600 up 0.6%

** Hugo Boss -7.7% YTD v STOXX Europe 600 Retail index +10% (RM (LSE: RM.L - news) ://harro.tenwolde.thomsonreuters.com@reuters.net; RM://vikram.subhedar.thomsonreuters.com@reuters.net)