Hugo Boss plunges 13% on pessimistic sales outlook
Publishing timestamp: 2024-03-07 12:04:36
Summary
Shares of Hugo Boss plunged over 13% after warning of potential failure to meet 2025 sales target due to weakening consumer demand. CEO mentioned record year in 2023 but expects more modest growth in 2024. Company's ambition to reach 5 billion euros in sales by 2025 may be delayed.
Sentiment: NEGATIVE
Tickers: BOSS-DE,
Keywords: markets, earnings, breaking news: markets, business news, hugo boss ag, retail industry, breaking news: business,