0Q8F.IL - HUGO BOSS AG HUGO BOSS N ORD SH

IOB - IOB Delayed price. Currency in EUR
37.51
+0.29 (+0.78%)
At close: 5:27PM BST
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Previous close37.22
Open37.31
Bid37.13 x 0
Ask37.89 x 0
Day's range37.29 - 37.87
52-week range36.32 - 67.24
Volume76,898
Avg. volume88,564
Market capN/A
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Hugo Boss cuts outlook again, citing weak U.S., Hong Kong business
    Reuters

    Hugo Boss cuts outlook again, citing weak U.S., Hong Kong business

    German fashion house Hugo Boss cut its 2019 earnings forecast again, citing weak demand in the United States and Hong Kong, and reported third quarter results that were below its expectations. "In North America, the market environment further deteriorated during the third quarter, ... Besides lower local demand, also sales generated with tourists decreased over there," it said late on Thursday. "Business in Hong Kong has been substantially negatively affected since the beginning of the political unrest and demonstrations," it added.

  • Hugo Boss Plunges to Nine-Year Low as Turnaround Unravels
    Bloomberg

    Hugo Boss Plunges to Nine-Year Low as Turnaround Unravels

    (Bloomberg) -- Hugo Boss AG plunged to a nine-year low after the German suitmaker cut its full-year outlook on weakness in the U.S. and Hong Kong, casting doubt on Chief Executive Officer Mark Langer’s turnaround efforts.The guidance reduction comes two months after the suitmaker previously lowered its outlook, citing weak sales to tourists and pricing pressure in the U.S. Now the anti-Beijing protests in Hong Kong, which led to a plunge in visits by mainland Chinese luxury shoppers, are creating a new headache. The stock fell as much as 13% Friday morning.The company’s turnaround efforts have gone awry since it replaced its chief executive officer with then-chief financial officer Langer in 2016, as suitmakers struggle to adjust to the trend toward casual office attire. Hugo Boss set out a plan last year to shift toward a faster-fashion model, speeding up production, personalizing its clothes more and boosting e-commerce.“We see no end to this pressure,” wrote Piral Dadhania, an analyst at RBC Europe, slashing his price target by more than a quarter to 50 euros. “Hugo Boss is clearly not immune.”The announcement weighed on other apparel makers, with Burberry Group Plc shares diving as much as 4.1%. Ted Baker Plc fell as much as 3.6%.Hugo Boss had expected sales to grow faster in Asia, which has been driving the fashion industry’s sales. Luxury conglomerate LVMH said Thursday that sales in Hong Kong fell 40% in August and September.What Bloomberg Intelligence Says:“Hugo Boss’s profit warning still leaves it with a challenge in 4Q to meet new expectations of a 3% fall in 2019 reported Ebit, we believe, given underlying reasons behind the warning are still in place.” \-- Charles Allen, BI consumer retail analystClick here to read the pieceThe fashion house said it expects currency-adjusted sales to increase by a low single-digit percentage this year, down from previous guidance for an increase at the lower end of a mid-single-digit range. Sales in the third quarter were flat from a year earlier.The suitmaker also now expects a decline in operating profit to a range of 330 million euros and 340 million euros ($364 million to $375 million). It previously forecast an increase from last year’s 347 million euros.(Updates with Burberry shares.)To contact the reporter on this story: Eric Pfanner in London at epfanner1@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-On the radar: big moves for Publicis and Hugo Boss

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net ON THE RADAR: BIG MOVES FOR PUBLICIS AND HUGO BOSS (0648 GMT) Optimism on both the trade war and the Brexit fronts is seen lifting European stock markets this morning. There’s also plenty of corporate news likely to trigger sharp moves at the open such as for France’s Publicis, which had to cut its full-year sales target for a second time and has seen its rating cut by SocGen.

  • Hugo Boss pares outlook due to tough U.S. market
    Reuters

    Hugo Boss pares outlook due to tough U.S. market

    Hugo Boss expects full-year sales and earnings to come in at the lower end of its forecasts due to challenges in the U.S. market, despite strong sales growth in China, the German fashion house said on Thursday. Known for its smart men's suits, Hugo Boss has introduced more casual and sportswear styles to appeal to a younger audience, recently teaming up with former One Direction singer Liam Payne and Taiwanese-Canadian actor Mark Chao.

  • Hugo Boss hopes store revamps will revive growth
    Reuters

    Hugo Boss hopes store revamps will revive growth

    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.

  • Reuters

    Hugo Boss expects strong growth in Asia and online

    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.

  • Reuters - UK Focus

    LIVE MARKETS-China's nearly trillion-dollar corporate debt problem

    * European stocks extend losses * Banks, oil the biggest sector fallers * IG slides after regulatory clampdown hits profit * easyJet flies high thanks to upbeat trading update Jan 22 - Welcome to the home ...

  • Reuters - UK Focus

    LIVE MARKETS-Who pays CEOs better? CAC, DAX, FTSE?

    * European stocks extend losses * Banks, oil the biggest sector fallers * IG slides after regulatory clampdown hits profit * easyJet flies high thanks to upbeat trading update Jan 22 - Welcome to the home ...

  • Reuters - UK Focus

    LIVE MARKETS-Hold tight, value investors! A value bounce is within reach

    * European stocks extend losses * Banks, oil the biggest sector fallers * IG slides after regulatory clampdown hits profit * easyJet flies high thanks to upbeat trading update Welcome to the home for real-time ...

  • Reuters - UK Focus

    LIVE MARKETS-"The de-rating of 2018 provides some cushion"

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market ...

  • Reuters

    Hugo Boss shares rise on wholesale, retail acceleration

    Shares in German fashion house Hugo Boss (BOSSn.DE) jumped on Tuesday after it reported sales growth picked up at the end of 2018 across its stores, online and at its wholesale business, which benefited from a shift in deliveries to the quarter. 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. Hugo Boss said on Tuesday sales rose a currency-adjusted 6 percent in the fourth quarter to 783 million euros ($889 million) in the fourth-quarter, beating average analyst forecasts for 762 million euros, according to Refinitiv data.

  • Reuters - UK Focus

    UBS, global growth worries send European shares into the red

    European shares opened in negative territory on Tuesday as growth worries weighed on global markets and disappointing results from UBS added to the gloom and dragged the banking sector down. At 0837 GMT, ...

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: Banks drive European shares lower

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market ...

  • Reuters - UK Focus

    LIVE MARKETS-On the radar: UBS, Hugo Boss, Logitech and so much more!

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market ...

  • Reuters - UK Focus

    FOCUS-Online clothing retailers hunt for better fit to cut costly returns

    BERLIN/MADRID, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - Models testing fashion brands like Adidas (IOB: 0OLD.IL - news) , Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back. Calculating sizes more accurately could help online retailers like Germany's Zalando (Swiss: OXZALG.SW - news) and Britain's ASOS cut costly returns and improve customer satisfaction. "If you try on the same brand in a different colour it is sometimes a different size," Zalando fitting model Savina Bellotto said as she squeezed a foot into a stiletto shoe with a shiny silver buckle that dug into her ankle.

  • Reuters - UK Focus

    'Pineapple leather' offers vegan fashion alternative

    Carmen Hijosa has created Piñatex, a textile woven from the long fibres in the fruit's discarded leaves that she hopes will give the fashion industry a sustainable alternative to leather. A clothes designer by trade and having abandoned leather on environmental grounds, she spent eight years developing her alternative textile. Hijosa, who founded the company Ananas Anam to market Piñatex, works with pineapple farmers in the Philippines who harvest and strip the fibres, which are finished into Piñatex in Spain.

  • Reuters - UK Focus

    LIVE MARKETS-Brexit: Face it, you have no edge

    * STOXX hits fresh 2-week low, down 1.2 pct * UK ministers quit in severe blow to PM May * Brexit drama offsets optimism over trade war Nov 15 - Welcome to the home for real time coverage of European equity ...

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