Hugo Boss sales increased 3%Christian Fernsby ▼ | March 5, 2020
Hugo Boss increased sales 3% to EUR 2,884 million in fiscal year 2019, representing a currency adjusted increase of 2%.
Hugo Boss Wholesale sales declined 3%
Topics: Hugo Boss
As in the prior year, the online business recorded significant double digit growth.
Wholesale sales declined 3%, partly reflecting the persistently difficult market environment in the U.S..
At EUR 333 million, operating profit (EBIT) in fiscal year 2019 was 4% below the prior year level (excluding IFRS 16).
This is attributable to a lower gross profit margin as well as an increase in operating expenses.
The latter was primarily a result of additional investments in the Group’s own retail business. ■