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Hugo Boss profit misses consensus by 25.0% in Q1

Hugo Boss AG said its first-quarter normalized net income came to 90 euro cents per share, compared with the S&P Capital IQ consensus estimate of €1.20 per share.

EPS fell year over year from 93 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €62.3 million, a decrease from €64.4 million in the prior-year period.

The normalized profit margin fell to 9.3% from 10.5% in the year-earlier period.

Total revenue climbed 9.0% year over year to €667.5 million from €612.6 million, and total operating expenses grew 11.5% year over year to €563.3 million from €505.4 million.

Reported net income declined 6.3% from the prior-year period to €75.6 million, or €1.10 per share, from €80.7 million, or €1.17 per share.