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Hugo Boss Q3 profit falls YOY

Hugo Boss AG said its normalized net income for the third quarter was €1.02 per share, compared with the S&P Capital IQ consensus estimate of €1.07 per share.

EPS declined year over year from €1.04.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €70.7 million, a decrease from €71.8 million in the prior-year period.

The normalized profit margin dropped to 9.4% from 9.7% in the year-earlier period.

Total revenue declined 5.5% year over year to €703.0 million from €744.1 million, and total operating expenses declined year over year to €586.5 million from €611.5 million.

Reported net income fell 8.8% year over year to €80.7 million, or €1.17 per share, from €88.5 million, or €1.28 per share.