Hugo Boss second quarter sales beat expectations, despite China weakness<\/p>\n
Fa\u00e7ade and window displays of the Boss store by Hugo Boss, in the Salamanca district, on 25 February, 2023 in Madrid, Spain.<\/p>\n
Europa Press News | Getty Images<\/p>\n
German fashion house Hugo Boss<\/a> posted a better-than-feared dip in second quarter sales and maintained its full-year guidance, despite flagging weakness in the key Chinese market.<\/p>\n Group revenues dipped 1% year-on-year on a constant currency basis to 1 billion euros ($1.15 billion) over the three month period, slightly ahead of the 996 million euros forecast by analysts in an LSEG poll.<\/p>\n Quarterly operating profit rose 15% to 81 million euros, in line with estimates.<\/p>\n The suit maker pointed to “subdued” demand in the once lucrative Chinese market, as Asia Pacific sales fell 5%. But it nevertheless maintained its full-year guidance for reported group sales in line with last year’s, at around 4.2 billion to 4.4 billion euros, and for operating profit to grow 5% to 22%.<\/p>\n \u2014 Karen Gilchrist<\/p>\n Good morning, here are the opening calls<\/p>\n Skyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. <\/p>\n Mike Kemp | In Pictures | Getty Images<\/p>\n Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Tuesday.<\/p>\n Futures data from IG suggests a broadly positive open for European indexes, with London’s\u00a0FTSE 100<\/a> seen opening 0.3% higher, France’s CAC 40<\/a> up 0.1%, Germany’s\u00a0DAX<\/a> up 0.2%, and Italy’s\u00a0FTSE MIB<\/a> 0.1% higher.<\/p>\n Investors on Tuesday will be assessing more tariff news after U.S. President Donald Trump announced plans to significantly raise tariffs on Indian exports to the U.S.<\/p>\n “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,” Trump wrote on the social media platform Truth Social.<\/p>\n India responded by saying it was being “targeted” by the U.S. and the European Union over its imports of Russian oil.<\/a> India markets slipped at the open as investors kept an eye on trade developments between the U.S. and the South Asian nation. Asia-Pacific markets<\/a>\u00a0elsewhere traded broadly higher.<\/p>\n U.S. stock futures<\/a> were slightly higher on Monday night, following a rebound on Wall Street on Monday, as investors followed the latest batch of corporate earnings.<\/p>\n \u2014 Holly Ellyatt<\/p>\n What to keep an eye on Tuesday<\/p>\n Trowbridge in Somerset, England, on March 15, 2025.<\/p>\n Anna Barclay | Getty Images News | Getty Images<\/p>\n Investors will be keeping an eye on earnings from BP<\/a>, Diageo<\/a>, DHL<\/a>, Infineon<\/a> and Banco BPM<\/a>. Middle Eastern oil giant Saudi Aramco will also release an earnings update.<\/p>\n French industrial production data is due.<\/p>\n \u2014 Holly Ellyatt<\/p>\n","protected":false},"excerpt":{"rendered":"Hugo Boss second quarter sales beat expectations, despite China weakness Fa\u00e7ade and window displays of the Boss store…\n","protected":false},"author":2,"featured_media":59505,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[44602,44599,1050,28,122,44600,33422,44601,112,1186],"class_list":["post-59504","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-banco-bpm-spa","tag-bp-plc","tag-breaking-news-europe","tag-business","tag-business-news","tag-deutsche-post-ag","tag-diageo-plc","tag-infineon-technologies-ag","tag-markets","tag-stoxx-600"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/59504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=59504"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/59504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/59505"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=59504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=59504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=59504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}