Pulkit Kedia’s Post

𝗠𝗔𝗦𝗧𝗘𝗥𝗜𝗡𝗚 𝗧𝗛𝗘 𝗕𝗨𝗦𝗬 𝗦𝗘𝗔𝗦𝗢𝗡 𝗜𝗡 𝗦𝗧𝗬𝗟𝗘 What a record-breaking year this was for us at HUGO BOSS surpassing the 4 billion EUR mark in sales for the first time ever💪🏼 The number becomes even more impressive to me when I look back at my first year-end close at HUGO BOSS. In 2007, the company ended the year with 1.6 billion EUR in sales. It's incredible what has happened since then 📈 As finance professionals, we may not generate sales, but we play a vital role in supporting and processing all the accounting issues related to this growth. More brick & mortar sales for example bring more inventories and more assets to account for. Not to forget about the leases, which, with IFRS 16 have brought us around 700 million EUR more in total assets. Retail is detail in many aspects, even for accounting. With a great passion for Finance and our products, we finance folks often treat ourselves with HUGO or BOSS pieces - our accounting attire is truly fashionable 24/7 👩🏼🎤 In this way, we do contribute a bit to the sales growth. The size of my wardrobe serves as a good performance KPI. It has grown just as much as the company's sales... including a friendly takeover of my husband's wardrobe space 😌 Many pieces like my beloved black leather jacket contribute to my well-being and confidence. Especially at this time of the year with still 49 days left until the busy season is over. I will share more insights from our HUGO BOSS year-end journey next Wednesday. What´s your busy season story? Share with us. #InsideHUGOBOSS #WeLoveFinance #BusySeason

Another record year for HUGO BOSS!  Our full results for the 2023 fiscal year have been published, and the rigorous execution of our CLAIM 5 growth strategy continues to unlock the full potential of our brands. The highlights of this strong year include: ◾ Currency-adjusted Group sales up 18% to a record EUR 4.2 billion  ◾ EBIT up 22% to EUR 410 million, driven by robust top-line performance  ◾ Proposed dividend of EUR 1.35 for 2023, up 35% from 2022  ◾ Continued momentum of both BOSS and HUGO, further driving brand relevance  In 2024, we expect sales to grow between 3% and 6%, as our CLAIM 5 journey continues. We will build on the regained strength of our brands as we explore further growth opportunities and strive for additional market share gains. For a deep dive into the 2023 results and outlook for 2024, you can read the press release on our group site: on.hugoboss.com/FY23- 

𝗙𝗹𝗮𝘀𝗵 𝗜𝗻𝘀𝗶𝗴𝗵𝘁 👉 Hugo Boss recently reported preliminary 2Q results, which are disappointing vs market expectations with a share price decline of almost 10%. Specific call-outs were made regarding EMEA, Hugo Boss' largest region by sales: 1️⃣ A challenging macro environment in key markets such as the UK 2️⃣ A stronger decline in retail vs wholesale revenue 3️⃣ EMEA as one of the poorer performing regions, -2% YoY While Hugo Boss is yet to report the details of 2Q which will be released in August, Fable Data, which captures Direct-To-Consumer retail spend, corroborates this weakness across the EMEA region, with declines seen most prominently in the UK, and to a lesser extent in other European countries. Reach out to info@fabledata.com if you'd like see how early trends in Q3 are looking across Europe.

Hey, careful. That's a new Hugo Boss turtleneck. This is a post to share how cool the new HUGO BOSS men's clothing line is. Forget about ocean refunds (for a few minutes anyway), I can't mess up these cool threads. I'll work on those refund reparations once I'm safe. #fashion #logistics #oceanfreight #supplychain

Following a solid Q1, we have confirmed our full-year outlook for 2024! 💪   Despite the challenging macroeconomic and geopolitical environment, we recorded further top- and bottom-line improvements in Q1.   Both BOSS and HUGO continue to experience robust demand, driven by our well-received Spring/Summer 2024 collections and the successful launch of our new HUGO BLUE denim line.   Additional highlights from the first quarter: ▪️ Group sales increased by 6% currency-adjusted to EUR 1,014 million. ▪️ EBIT grew by 6% to EUR 69 million, with an EBIT margin up by 10 basis points. ▪️ All regions and channels contribute to sales growth   Read the full press release on our groupsite and dive deeper into our Q1 results: on.hugoboss.com/Q1/24-

▪️ Group sales increased by 6% ▪️ EBIT grew by 6%, with an EBIT margin up by 10 basis points. ▪️ All regions and channels contribute to sales growth

👑Product is king 👑 I am totally agree with this concept, i beleive the more you improve and pay attention to each single element in your product the more you get out of it . “Practice makes perfect” , as long as you work fail and learn new lessons , there is continuous improvement in your experience and understanding of your product ,which will reflected in a positive impact in your future products

Hugo Boss has guided for growth over the year ahead after first-quarter profit beat expectations. Earnings before interest and tax came in 6% higher at €69 million (£59 million), above analysts' expectations for €65 million, the company reported on Thursday. This came as sales climbed 5% to €1.01 billion over the three months to March, with earnings growing from €0.50 to €0.55 on a per-share basis. “I am pleased that we delivered further sales and earnings improvements also in the first,” chief executive Daniel Grieder said. “In a volatile market environment, we remain focused on [...] capitalising on our numerous growth opportunities.”  Hugo Boss said revenue improvement came across all regions, as profit margins increased year on year from 6.7% to 6.8%. Demand for both the ‘Boss’ and ‘Hugo’ brands remained robust, the company added, with the 2024 spring and summer collections being “well received”. More at #Proactive #ProactiveInvestors http://ow.ly/tokF105ruka

We’ve made 2023 a record year at HUGO BOSS! 🚀   Steady brand momentum pushed Q4 ahead, fueling double-digit top- and bottom-line increases. We successfully hit our raised targets for 2023, experiencing broad-based sales growth across all brands, channels, and regions. This is another great indication of the rigorous execution of our “CLAIM 5” growth strategy. Here are more highlights:  ◾ Q4 currency-adjusted Group sales grow 13% to EUR 1,177 million, making it the most successful quarter in the company’s history  ◾ Fiscal year 2023 currency-adjusted sales up 18% to a record level of EUR 4,197 million  ◾ 2023 EBIT increases 22% to EUR 410 million on a preliminary basis The full results for 2023, and financial outlook for fiscal year 2024, will be published on March 7. For now, you can read the press release on our groupsite: on.hugoboss.com/Q4/23-

This is how we execute like a #BOSS 🚀