German clothing and accessories manufacturer Hugo Boss AG saw its net profit fall by 29 per cent year-on-year in the second quarter, whilst revenue fell by 10 per cent.
According to the company’s press release, revenue for April–June stood at €905 million, compared with €1 billion for the same period a year earlier.
Net profit fell to €33 million from €47 million a year earlier.
EBIT fell to €59 million from €81 million a year earlier.
The consensus forecast by analysts, compiled by the company itself, had projected EBIT of €52 million on revenue of €907 million.
Sales (excluding currency fluctuations) in Europe, the Middle East and Africa fell by 13 per cent in the second quarter, by 1% in North and South America, and by 5% in the Asia-Pacific region.
Hugo Boss management still expects revenue in 2026 to fall by 4–9 per cent, with EBIT of €300–350 million.
Hugo Boss shares fell by 0.1% on Tuesday.