The Hugo Boss fashion group announced its quarterly results on Tuesday, May 5th, which favourably went beyond expectations. Its turnover, although down, fell less steeply than predicted by analysts.
The company posted earnings per share (EPS) of 0.95 euros for sales of 555 million euros. The analysts surveyed by Investing.com expected EPS of -0.16 euros for sales of 543.45 million euros.
This is a smaller decline than expected, but still reflecting an operating loss of €14 million for the first three months of 2020, compared to a profit of €57 million a year earlier.
Featured photo : © Hugo Boss