Previous Close | 17.75 |
Open | 17.75 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 17.75 - 17.75 |
52 Week Range | 10.00 - 20.00 |
Volume | |
Avg. Volume | 225 |
Market Cap | 23.224M |
Beta (5Y Monthly) | 0.63 |
PE Ratio (TTM) | 9.97 |
EPS (TTM) | 1.78 |
Earnings Date | Apr 24, 2024 - Apr 26, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Hugo Boss shares sank 11% on Tuesday after its fourth quarter operating profit missed expectations, adding to signs of strain among fashion brands, though sales continued to grow. Hugo Boss shares were down 11% at 59 euros at 1425 GMT, set for their worst day since March 2020. "This is disappointing but not a disaster, and I think the share price reaction is exaggerated from my point of view," said Thomas Joekel, who manages a fund at Union Investment holding Hugo Boss shares.
Hugo Boss raised its sales and profit outlook on Wednesday as a brand revamp and marketing push helped the German fashion house overcome sluggish sector-wide demand in China and the United States. The premium fashion group has shown resilience in slowing U.S. and European markets while boosting sales in Asia despite China's slower-than-expected recovery. Shares in luxury goods companies have come under pressure due to worries over the pace of China's post-pandemic rebound.