German luxury firm Hugo posts strong Q3 preliminary results

Fashion

German luxury firm Hugo posts strong Q3 preliminary results

19 Oct `21

2 min read

In its preliminary report for the third quarter (Q3) of FY21, German luxury fashion house Hugo Boss has posted 42 per cent sales jump to €755 million over the same period of previous fiscal, while 7 per cent up against Q3 FY19. The company’s sales were driven by strong performances in Europe and the Americas. Operating profit for the quarter surged to €85 million (Q3 FY20: €15 million).

 

In its preliminary report for the third quarter (Q3) of FY21, German luxury fashion house Hugo Boss has posted 42 per cent sales jump to €755 million over the same period of previous fiscal. The company`s sales were driven by strong performances in Europe and the Americas. Operating profit for the quarter surged to €85 million (Q3 FY20: €15 million).#

Retail business sales for the Q3 increased 40 per cent on the prior-year level, while 13 per cent on a two-year stack basis, according to the company. Hugo Boss’ own online business recorded double-digit growth of 37 per cent versus the prior-year period, and 127 per cent on a two-year stack basis. Moreover, the wholesale channel sales improved 40 per cent versus the prior-year period, and remained 1 per cent below 2019 levels.

 

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