Investing.com - Hugo Boss AG reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hugo Boss AG announced earnings per share of €0.76 on revenue of €1.66B. Analysts polled by Investing.com anticipated EPS of €0.56 on revenue of €880.81M.
Hugo Boss AG shares are down 12% from the beginning of the year, still down 21.56% from its 52 week high of €59.98 set on November 17, 2021. They are broadly in line with the STOXX 600 which is down 12.44% from the start of the year.
Hugo Boss AG shares lost 100.00% in pre-market trade following the report.
Hugo Boss AG follows other major Consumer Discretionary sector earnings this month
Hugo Boss AG's report follows an earnings beat by Daimler on February 24, who reported EPS of €11.82 on revenue of €43.39B, compared to forecasts EPS of €3 on revenue of €43.86B.
Adidas had beat expectations on Wednesday with first quarter EPS of €0.58 on revenue of €5.14B, compared to forecast for EPS of €0.2928 on revenue of €5.18B.
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