Fashion store Hugo Boss stocks pop 8% on better-than-feared first-quarter gross sales

Shares of Hugo Boss jumped on Tuesday after it posted a lower-than-feared decline in first-quarter gross sales and reiterated its full-year steerage in spite of macroeconomic and tariff uncertainty.

The high-end German store stated revenues fell 2% on a foreign money adjusted foundation over the 3 month duration to 999 million euros ($1.13 billion), quite forward of the 979 million euros forecast via analysts in an LSEG ballot.

Shares rose up to 8.8% at the information. The inventory was once remaining observed buying and selling at 8.5% at round 8:29 a.m. London time.

Weaker gross sales had been led basically via comfortable call for within the Asia-Pacific area, and particularly “ongoing subdued consumer demand in China,” which the corporate attributed to a extra unsure client outlook.

“Following a strong finish to 2024, our performance in the first quarter of 2025 was affected by the rising macroeconomic uncertainty, which impacted global consumer sentiment and our industry,” CEO Daniel Grieder stated in a commentary.

The staff nonetheless showed its 2025 outlook, forecasting full-year gross sales to be in keeping with remaining yr’s at between 4.2 billion euros and 4.4 billion euros.

It added that it’s proceeding to watch the industrial outlook, after Grieder famous in March that international industry tensions had already had a visual affect on first-quarter call for.

“We are closely monitoring macroeconomic developments and remain vigilant in light of the elevated uncertainties, including the current tariff discussions,” he added.

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