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The Hugo Boss fashion group announced its quarterly results on Tuesday, May 5th, which favourably went beyond expectations. Its turnover, although down, fell less steeply than predicted by analysts.
The company posted earnings per share (EPS) of 0.95 euros for sales of 555 million euros. The analysts surveyed by Investing.com expected EPS of -0.16 euros for sales of 543.45 million euros.
This is a smaller decline than expected, but still reflecting an operating loss of €14 million for the first three months of 2020, compared to a profit of €57 million a year earlier.
Indeed, those data must be compared to a profit per share of 0.49 euros and a turnover of 664 million euros over the same period the previous year. The company announced EPS of 0.87 euros for revenues of 825 million euros in the previous quarter.
Since the beginning of the year, Hugo Boss AG shares have been down 47%, under the performance of the STOXX 600 which has been down 19% since the start of the year.
Hugo Boss’s announcements follow those of other publicly traded consumer goods companies.
On April 29, Volkswagen ST notably announced for the first quarter a EPS of 0.78 euros for a turnover of 55.05 billion euros, compared to a forecast of EPS of 0.64 euros for a turnover of 54.01 billion euros.
Volkswagen’s results exceeded consensus expectations on April 29, with EPS of 0.78 euros for the first quarter and sales of 55.05 billion. Analysts expected EPS of 0.64 euros for revenues of 54.01 billion euros.
Read also > Ferrari and EssilorLuxoticca sales declines in Q1
Featured photo : © Hugo Boss[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
The Hugo Boss fashion group announced its quarterly results on Tuesday, May 5th, which favourably went beyond expectations. Its turnover, although down, fell less steeply than predicted by analysts.
The company posted earnings per share (EPS) of 0.95 euros for sales of 555 million euros. The analysts surveyed by Investing.com expected EPS of -0.16 euros for sales of 543.45 million euros.
This is a smaller decline than expected, but still reflecting an operating loss of €14 million for the first three months of 2020, compared to a profit of €57 million a year earlier.[/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”font_size:16″ h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”font_size:32|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fabonnements-et-newsletter-2%2F|||”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters…
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[/vc_cta][vc_column_text]Featured photo : © Hugo Boss[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”customer”][vc_column][vc_column_text]
The Hugo Boss fashion group announced its quarterly results on Tuesday, May 5th, which favourably went beyond expectations. Its turnover, although down, fell less steeply than predicted by analysts.
The company posted earnings per share (EPS) of 0.95 euros for sales of 555 million euros. The analysts surveyed by Investing.com expected EPS of -0.16 euros for sales of 543.45 million euros.
This is a smaller decline than expected, but still reflecting an operating loss of €14 million for the first three months of 2020, compared to a profit of €57 million a year earlier.[/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”font_size:16″ h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”font_size:32|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fabonnements-et-newsletter-2%2F|||”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters…
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[/vc_cta][vc_column_text]Featured photo : © Hugo Boss[/vc_column_text][/vc_column][/vc_row]
