Hugo Boss AG reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hugo Boss AG announced earnings per share of €0.95 on revenue of €555.0M. Analysts polled by anticipated EPS of €-0.16 on revenue of €543.45M. That with comparison to EPS of €0.49 on revenue of €664M in the same period a year before. Hugo Boss AG had reported EPS of €0.87 on revenue of €825M in the previous quarter. Analysts are expecting EPS of €-0.48 and revenue of €446.88M in the upcoming quarter.
Hugo Boss AG shares are down 47% from the beginning of the year , still down 63.65% from its 52 week high of €63.06 set on May 6, 2019. They are under-performing the STOXX 600 which is down 19.45% year to date.
Hugo Boss AG follows other major Consumer Cyclical sector earnings this month
Hugo Boss AG's report follows an earnings beat by Volkswagen ST on April 29, who reported EPS of €0.78 on revenue of €55.05B, compared to forecasts EPS of €0.64 on revenue of €54.01B.
Volkswagen VZO had beat expectations on April 29 with first quarter EPS of €0.78 on revenue of €55.05B, compared to forecast for EPS of €0.64 on revenue of €54.01B.
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