Hugo Boss Q1 Sales Surge 25%, Set to Exceed €4BN Midterm Sales Goal Ahead of Schedule

May 05, 2023

German fashion and luxury goods group Hugo Boss announced its Q1 2023 fiscal year performance data on the morning of May 4th, local time. Thanks to the continued execution of its CLAIM 5 strategy, Hugo Boss had a strong start to the new year: sales increased by 25% YoY to €968 million (adjusted for exchange rates: +25%), far exceeding pre-pandemic levels, with all brands, channels, and markets achieving double-digit growth; EBIT (earnings before interest and taxes) rose by 63% YoY to €65 million. Based on this, the group has raised its performance expectations for the 2023 fiscal year …

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