financetom
Business
financetom
/
Business
/
Hugo Boss expects 2025 sales at prior year's level
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hugo Boss expects 2025 sales at prior year's level
Mar 13, 2025 12:21 AM

(Reuters) -Hugo Boss said muted consumer sentiment was having an impact on its business in the current quarter as it forecast 2025 sales broadly in line with last year's level on Thursday.

It sees annual sales development between a 2% decline and a 2% increase, to a range of 4.2 billion to 4.4 billion euros ($4.57 billion to $4.79 billion), following 3% growth to 4.3 billion euros in 2024.

"Macroeconomic and geopolitical volatility remains high, weighing on consumer sentiment and impacting our business performance since the beginning of the year," CEO Daniel Grieder said in a statement.

Analysts had estimated annual sales of 4.26 billion euros for 2024 and 4.44 billion euros for 2025, a company-provided poll showed.

Hugo Boss also forecast full-year operating profit (EBIT) to rise between 5% and 22%, coming in between 380 million and 440 million euros, compared to a 12% decline to 361 million euros last year.

At its midpoint, the EBIT guidance would imply a figure 410 million euros, against analysts' average estimate of 414 million euros.

($1 = 0.9189 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan concerned about weak yen's negative effects, Finance Minister says
Japan concerned about weak yen's negative effects, Finance Minister says
Apr 25, 2024
TOKYO (Reuters) -Japan is concerned about negative effects of the weak yen, Finance Minister Shunichi Suzuki said on Friday, in a fresh warning against speculators as the currency has continued to slide to lows last seen more than three decades ago. The weak yen has both positive and negative impacts (on the economy), Suzuki told a press conference. But the...
PRESS DIGEST-Financial Times - April 26
PRESS DIGEST-Financial Times - April 26
Apr 25, 2024
April 26 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - BHP plans 31 billion pounds bid for Anglo American but attracts ire from South Africa and shareholders - PwC picks consultant Marco Amitrano as next UK senior partner - LSE Group...
Deep Roots Harvest To Acquire The Source Operation In Nevada
Deep Roots Harvest To Acquire The Source Operation In Nevada
Apr 25, 2024
Nevada’s cannabis sector is undergoing notable transformations as Deep Roots Harvest, a key player in the state’s cannabis market, announces its acquisition of The Source assets, further solidifying its position in the industry. This move was noted by the Green Market Report and comes against the backdrop of significant strategic maneuvers within Nevada’s cannabis landscape, including recent acquisitions and funding...
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Apr 25, 2024
BEIJING, April 26 (Reuters) - Beijing city authorities have announced subsidies for firms that purchase domestically produced artificial intelligence (AI) chips, as China seeks to develop its semiconductor industry and reduce reliance on foreign technology. The sizes of subsidies were not specified in a document outlining the initiative by the Beijing Municipal Bureau of Economy and Information Technology dated April...
Copyright 2023-2026 - www.financetom.com All Rights Reserved