Hugo Boss AG
BOSS: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€25.00 | Qmhqrrh | Npmxsvcq |
Hugo Boss Earnings: Decent Growth, but Retail Channels Weak and Margin Expands Modestly
We are maintaining our fair value estimate for Hugo Boss at EUR 62 as the company reported solid, but moderating sales and profit growth in the first quarter. Revenue was up 6% on a currency-adjusted base, a sequential deceleration from 13% in fourth-quarter 2023, but in line with the company’s guidance for the full year (3%-6% range). The comparison base was quite challenging from last year when growth in the quarter was 25%.