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Hugo Boss: stock down despite Q3 EPS increasing

( - Upmarket clothes firm Hugo Boss has announced Q3 sales of 933 million euros, up 24% y-o-y.

Meanwhile, EBIT rose 8% to 92 million euros, with reported earnings coming in at 60 million euros (+12%).

Q3 EPS was 0.84 euro, up 10%.

Hugo Boss has raised its FY 2022 forecasts and is now targeting record sales of 3.5 to 3.6 billion euros (up from a previous target range of 3.3 to 3.5 billion euros), with EBIT up by 35% to 45% (vs. 25% to 35% expected previously).

For some reason the market is frowning on these figures, with the share currently down over 3% in Frankfurt.

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