Hugo Boss anticipates that its full-year sales and earnings will land at the lower end of its previously issued guidance, citing ongoing economic instability as a key factor. The German fashion house pointed to shifting consumer behavior and broader market turbulence as challenges affecting its performance. Despite these headwinds, the company remains focused on its strategic initiatives, including brand revitalization and operational efficiency improvements. Executives emphasized their commitment to navigating the difficult environment while maintaining long-term growth prospects. The updated outlook reflects cautious sentiment across the luxury sector amid inflationary pressures and fluctuating demand.
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Hugo Boss Expects Sales, Earnings at Lower End of Guidance Amid Economic Volatility The Wall Street Journal