Hugo Boss lowers full year sales and earnings forecast

In the second quarter, Hugo Boss increased currency-adjusted sales by 2 percent and 3 percent in reporting currency to 675 million euros (745.8 million dollars). Operating profit (EBIT) increased by 3 percent to 76 million euros (84 million dollars). While on the basis of the half-year results, the company confirms its outlook for the full year 2019, it now expects sales and earnings to reach the lower end of the existing outlook of increase at a mid-single-digit percentage rate, taking into account the persisting challenges in the US market in particular.