Hugo Boss Cuts FY EBIT and Sales Outlook
Hugo Boss now expects EBIT of €250m to €300m, down from €300m to €350m. It expects sales to decline in the high single-digit percentage range, versus its previous mid- to high-single-digit decline outlook.
The company now expects earnings before interest and tax of €250m to €300m, down from previous guidance of €300m to €350m. It also said sales are now expected to decline in the high single-digit percentage range, having previously guided to a mid to high single-digit drop.Hugo Boss said "the update…