Latest news with #BossOne
Fashion Network
06-05-2025
- Business
- Fashion Network
Hugo Boss Q1 revenue beats estimates but sales and profits still fall
Fashion group Hugo Boss announced better-than-expected Q1 revenue on Tuesday, despite the quarter being slightly down on the same period a year ago. It also confirmed its full-year guidance. First-quarter revenue dipped to €999 million at the German company, a little below the €1.01 billion of a year earlier, but beating analysts' forecast of €974 million. The company — in which UK-based Frasers Group holds a major stake — said 'increased macroeconomic uncertainties' dented global consumer sentiment and impacted industry development. But 'consistent execution of strategic growth initiatives [drove] brand momentum' and limited the decline in currency-adjusted group sales to 2% during the quarter. By region, that dip divided into currency-adjusted revenues in both EMEA and the Americas being down 1%, but Asia/Pacific dropped 8%, 'impacted by ongoing subdued consumer demand in China'. Sales in Germany were stable but France and the UK were down slightly. The group maintained its double-digit growth trajectory in Latin America. Boss Menswear dipped 2%, Boss Womenswear was down only 1% and Hugo dropped 2%. On the plus side, the digital business continued its growth trajectory with a 4% rise, partially offsetting revenue declines in both direct physical retail (-4%) and physical wholesale (-3%). The gross margin was 'stable, as efficiency gains in sourcing compensate[d] for headwinds resulting from the challenging market environment'. The group's profit on an EBIT basis was down to €61 million from €69 million a year ago, 'supported by further efficiency gains, resulting in an EBIT margin of 6.1% in Q1'. The company confirmed its expectation for the whole of 2025 saying group sales will be 'broadly stable' (that is, anywhere from down 2% to up 2%), while EBIT will increase by anything between 5% to 22% and the EBIT margin is targeted between 9% and 10%. The wide range of its guidance underscores the fact that 'macroeconomic volatility [is] to remain elevated, intensified by ongoing tariff uncertainty [and] subdued global consumer sentiment continues to weigh on industry development'. But brand and product initiatives will 'further fuel brand relevance, including [the] global launch of first Boss collection co-designed with David Beckham in April'. CEO Daniel Grieder said of all this: 'Following a strong finish to 2024, our performance in the first quarter was affected by the rising macroeconomic uncertainty. Against this backdrop, we continued to place strong emphasis on what we have in our control. 'We further advanced our most impactful strategic initiatives, such as our Boss One bodywear campaign with David Beckham, to further strengthen the relevance of Boss and Hugo. At the same time, we continued to realise cost efficiencies, optimising our global sourcing activities and unlocking further productivity gains. Altogether, these efforts supported our top- and bottom-line development in the first quarter. 'We remain committed to balancing strategic investments with disciplined cost management, to further drive brand momentum and profitability improvements throughout the year. At the same time, we are closely monitoring macroeconomic developments and remain vigilant in light of the elevated global uncertainties, including the current tariff discussions. Thanks to our flexible sourcing set-up and our strong operational backbone, we are strategically positioned to adapt effectively to potential trade-related developments.'
Fashion Network
06-05-2025
- Business
- Fashion Network
Hugo Boss Q1 revenue beats estimates but sales and profits still fall
Fashion group Hugo Boss announced better-than-expected Q1 revenue on Tuesday, despite the quarter being slightly down on the same period a year ago. It also confirmed its full-year guidance. First-quarter revenue dipped to €999 million at the German company, a little below the €1.01 billion of a year earlier, but beating analysts' forecast of €974 million. The company — in which UK-based Frasers Group holds a major stake — said 'increased macroeconomic uncertainties' dented global consumer sentiment and impacted industry development. But 'consistent execution of strategic growth initiatives [drove] brand momentum' and limited the decline in currency-adjusted group sales to 2% during the quarter. By region, that dip divided into currency-adjusted revenues in both EMEA and the Americas being down 1%, but Asia/Pacific dropped 8%, 'impacted by ongoing subdued consumer demand in China'. Sales in Germany were stable but France and the UK were down slightly. The group maintained its double-digit growth trajectory in Latin America. Boss Menswear dipped 2%, Boss Womenswear was down only 1% and Hugo dropped 2%. On the plus side, the digital business continued its growth trajectory with a 4% rise, partially offsetting revenue declines in both direct physical retail (-4%) and physical wholesale (-3%). The gross margin was 'stable, as efficiency gains in sourcing compensate[d] for headwinds resulting from the challenging market environment'. The group's profit on an EBIT basis was down to €61 million from €69 million a year ago, 'supported by further efficiency gains, resulting in an EBIT margin of 6.1% in Q1'. The company confirmed its expectation for the whole of 2025 saying group sales will be 'broadly stable' (that is, anywhere from down 2% to up 2%), while EBIT will increase by anything between 5% to 22% and the EBIT margin is targeted between 9% and 10%. The wide range of its guidance underscores the fact that 'macroeconomic volatility [is] to remain elevated, intensified by ongoing tariff uncertainty [and] subdued global consumer sentiment continues to weigh on industry development'. But brand and product initiatives will 'further fuel brand relevance, including [the] global launch of first Boss collection co-designed with David Beckham in April'. CEO Daniel Grieder said of all this: 'Following a strong finish to 2024, our performance in the first quarter was affected by the rising macroeconomic uncertainty. Against this backdrop, we continued to place strong emphasis on what we have in our control. 'We further advanced our most impactful strategic initiatives, such as our Boss One bodywear campaign with David Beckham, to further strengthen the relevance of Boss and Hugo. At the same time, we continued to realise cost efficiencies, optimising our global sourcing activities and unlocking further productivity gains. Altogether, these efforts supported our top- and bottom-line development in the first quarter. 'We remain committed to balancing strategic investments with disciplined cost management, to further drive brand momentum and profitability improvements throughout the year. At the same time, we are closely monitoring macroeconomic developments and remain vigilant in light of the elevated global uncertainties, including the current tariff discussions. Thanks to our flexible sourcing set-up and our strong operational backbone, we are strategically positioned to adapt effectively to potential trade-related developments.'
Fashion Network
06-05-2025
- Business
- Fashion Network
Hugo Boss Q1 revenue beats estimates but sales and profits still fall
But 'consistent execution of strategic growth initiatives [drove] brand momentum' and limited the decline in currency-adjusted group sales to 2% during the quarter. By region, that dip divided into currency-adjusted revenues in both EMEA and the Americas being down 1%, but Asia/Pacific dropped 8%, 'impacted by ongoing subdued consumer demand in China'. Sales in Germany were stable but France and the UK were down slightly. The group maintained its double-digit growth trajectory in Latin America. Boss Menswear dipped 2%, Boss Womenswear was down only 1% and Hugo dropped 2%. On the plus side, the digital business continued its growth trajectory with a 4% rise, partially offsetting revenue declines in both direct physical retail (-4%) and physical wholesale (-3%). The gross margin was 'stable, as efficiency gains in sourcing compensate[d] for headwinds resulting from the challenging market environment'. The group's profit on an EBIT basis was down to €61 million from €69 million a year ago, 'supported by further efficiency gains, resulting in an EBIT margin of 6.1% in Q1'. The company confirmed its expectation for the whole of 2025 saying group sales will be 'broadly stable' (that is, anywhere from down 2% to up 2%), while EBIT will increase by anything between 5% to 22% and the EBIT margin is targeted between 9% and 10%. The wide range of its guidance underscores the fact that 'macroeconomic volatility [is] to remain elevated, intensified by ongoing tariff uncertainty [and] subdued global consumer sentiment continues to weigh on industry development'. But brand and product initiatives will 'further fuel brand relevance, including [the] global launch of first Boss collection co-designed with David Beckham in April'. CEO Daniel Grieder said of all this: 'Following a strong finish to 2024, our performance in the first quarter was affected by the rising macroeconomic uncertainty. Against this backdrop, we continued to place strong emphasis on what we have in our control. 'We further advanced our most impactful strategic initiatives, such as our Boss One bodywear campaign with David Beckham, to further strengthen the relevance of Boss and Hugo. At the same time, we continued to realise cost efficiencies, optimising our global sourcing activities and unlocking further productivity gains. Altogether, these efforts supported our top- and bottom-line development in the first quarter. 'We remain committed to balancing strategic investments with disciplined cost management, to further drive brand momentum and profitability improvements throughout the year. At the same time, we are closely monitoring macroeconomic developments and remain vigilant in light of the elevated global uncertainties, including the current tariff discussions. Thanks to our flexible sourcing set-up and our strong operational backbone, we are strategically positioned to adapt effectively to potential trade-related developments.'
Yahoo
31-01-2025
- Entertainment
- Yahoo
Victoria Beckham Has A Big Reaction To Husband David's New Underwear Campaign
Victoria Beckham is definitely here for husband David's new underwear campaign. On Thursday evening, Hugo Boss unveiled a new video to promote its Boss One range. In the James Bond-esque campaign, a suited and booted David can be seen stripping down to just his underwear for a night in at a flat. As the clip unfolds, David can be seen practising his aim on a pool table, chowing down on some cereal, watching a bit of telly and generally cavorting on a leather couch while sporting the brand's Boss One pants. Towards the end, he strips off completely to take a shower, before realising a party across the street has been watching his every move. David's fashion designer wife Victoria – who has never been one to shy away from celebrating his thirst traps on Instagram – was clearly won over by the video. Posting a still from the campaign on Thursday night, the former Spice Girls performer wrote simply: 'My boss.' Alrighty then. View this post on Instagram A post shared by Victoria Beckham (@victoriabeckham) David and Victoria were both in attendance at the Boss campaign's launch in London on Thursday night, where they made it a family affair by stepping out with sons Romeo and Cruz, as well as their daughter Harper. 'So proud of you,' she wrote in an Instagram post about the event, before revealing she was decked out in her fashion house's own designs for the evening. View this post on Instagram A post shared by Victoria Beckham (@victoriabeckham) Victoria and her business will be taking centre stage in a new Netflix documentary, House Of VB, later this year, following her scene-stealing appearances in David's doc back in 2023. David Beckham Just Explained How The 'Be Honest' Meme Really Happened, And Apparently The Director 'Was Not Happy' David And Victoria Beckham Just Recreated This Iconic Fashion Moment To Mark Their 25th Wedding Anniversary Victoria Beckham Opens Up About Impact Of Horrific Front Page Telling Her She 'Needed' To Lose Weight
