Pursuits
Hugo Boss Quarterly Earnings Miss Estimates on Wholesale
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Hugo Boss AG reported operating profit that missed analyst estimates as a difficult market in China and a weakening U.S. wholesale business offset retail-sales growth at the German luxury clothing maker.
Third-quarter earnings before interest, taxes, depreciation, amortization and one-time items rose 5 percent to 173.1 million euros ($237.3 million), Metzingen-based Hugo Boss said in a statement today. The average estimate of 11 analysts in a Bloomberg survey was for revenue of 174.1 million euros.