Hugo Boss raises outlook as sales surge

BOSS Store_London Oxford Street_2

Fashion retailer Hugo Boss has posted a “strong growth trajectory” and has raised its full-year outlook for 2023 as it recorded double-digit growth “across all brands, regions and channels” in its second quarter.

Hugo Boss posted a 20% increase in sales for the quarter to €1.03bn (£880m), up from €878m (£753.9m) during the same period in 2022.

The fashion house also posted a 21% increase in EBIT to €121m (£103.9m) year on year during the period.

 

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