Hugo Boss reports first-quarter revenue above estimates
German fashion group Hugo Boss reported a better-than-expected quarterly revenue on Tuesday and confirmed its full-year forecast.
The company posted first-quarter revenue of 999 million euros (USD 1.13 billion), slightly below the 1.01 billion euros a year earlier, but above analysts' forecast of 974 million euros in a company-provided poll.
The premium fashion retailer said subdued global consumer sentiment continues to weigh on the sector due to uncertainty over U.S. tariffs.
'Following a strong finish to 2024, our performance in the first quarter was affected by the rising macroeconomic uncertainty, which impacted global consumer sentiment and our industry. Against this backdrop, we continued to place strong emphasis on what we have in our control,' CEO Daniel Grieder said.
Hugo Boss expects 2025 group sales to remain broadly in line with the prior year, ranging between 4.2 billion and 4.4 billion euros. Luxury groups have struggled with tighter consumer spending due to slowing demand for fashion and accessories, particularly in the U.S. and China.
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Additional Benefits Complimentary Excel Data Packs for all Analytical Modules in the Report 10% Free Content Customization Detailed Report Walkthrough Session with Research Team Market Segmentation: Type of Robot Traditional Industrial Robots Collaborative Robots Type of Traditional Industrial Robot Articulated Robots Cartesian Robots SCARA Robots Delta Robots Other Robots Payload Low Payloads (<20 Kgs) Medium Payloads (20 to 150 Kgs) High Payloads (>150 Kgs) Mobility Stationary Robots Mobile Robots Application Area Handling Welding Assembling Cleanroom Dispensing Processing Other Application Areas End-User Electronics Industry Automotive Industry Metal and Machinery Industry Plastics Industry Food and Beverages Industry Other Industries Geographical Regions North America Europe Asia-Pacific Latin America Middle East and Africa and Rest of the World For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Industrial Robotics CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
