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HUGO BOSS AG Sponsored ADR (BOSSY)
OTHER OTC:BOSSY
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Earnings Data
Report Date
Mar 13, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.14Last Year’s EPS
$1.34Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -3.52%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with notable achievements in digital and wholesale growth, as well as enhanced brand engagement, offset by challenges in the Asia Pacific region, gross margin pressures, and declines in retail sales. The focus on cost efficiency and strategic investments highlights the company's commitment to long-term growth despite current headwinds.Company Guidance
During the HUGO BOSS Q3 2024 earnings call, the company maintained a positive outlook despite challenging market conditions. Revenue for the quarter rose by 1% and by 2% year-over-year over the first nine months, with BOSS Menswear and Womenswear growing by 1% and 2%, respectively, and HUGO also achieving 2% growth. The Americas and EMEA regions saw sales increases of 4% and 1%, respectively, while Asia Pacific experienced a 7% decline due to weaker consumer sentiment in China. Operational efficiency efforts helped curb operating expenses growth to 1%, supporting a 9.3% EBIT margin. The company reconfirmed its 2024 guidance, expecting group sales to increase between 1% and 4% and aiming for an EBIT target range of EUR 350 million to EUR 430 million. Investments in digital and omnichannel strategies paid off, with digital sales up 6%, and the company reported a 25% growth in its global membership base.Revenue Growth
Group sales increased by 1% in Q3, contributing to a year-to-date increase of 2% year-on-year. This growth was supported by a solid performance in the Americas with a 4% increase in revenues.
Brand Engagement Success
BOSS Fall/Winter 2024 collection launch doubled social media engagement compared to the previous year. The Milan Fashion Week event reached over 40 million views, marking it as the most successful fashion show in company history.
Digital Growth
Digital sales returned to growth with a 6% increase in Q3, highlighting effective digital strategies and partnerships.
Cost Efficiency Improvements
The company successfully limited OpEx growth to 1% in Q3, down from 9% in Q2, through enhanced cost-saving measures and operational efficiencies.
Wholesale Channel Performance
Sales in the brick-and-mortar wholesale channel increased by 4% in Q3, marking the 14th consecutive quarter of growth in this segment.
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BOSSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BOSSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $9.38 | $8.98 | -4.26% |
| Aug 01, 2024 | $7.95 | $8.33 | +4.78% |
| May 02, 2024 | $10.60 | $9.88 | -6.79% |
| Mar 07, 2024 | $13.50 | $11.67 | -13.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HUGO BOSS AG Sponsored ADR (BOSSY) report earnings?
HUGO BOSS AG Sponsored ADR (BOSSY) is schdueled to report earning on Mar 13, 2025, Before Open Not Confirmed.
What is HUGO BOSS AG Sponsored ADR (BOSSY) earnings time?
HUGO BOSS AG Sponsored ADR (BOSSY) earnings time is at Mar 13, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BOSSY EPS forecast?
BOSSY EPS forecast for the fiscal quarter 2024 (Q4) is $1.14.
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