Hugo Boss Earnings Report Did Not Explode Surplus Police

Although there has been some time since the beginning of the earnings season, fashion week has opened, making some luxury brands' earnings announcements starting to get new attention.

Recently, Hugo Boss did not publish its three quarter earnings report, but the earnings warning was issued in advance.

Hugo Boss issued a profit warning on Tuesday, saying that the Sino US market, which began to deteriorate in the three quarter of last year, is still deteriorating. It is estimated that the core profit in the current 2016 fiscal year will decline in 10+%.

And this bad news is even more attractive.

The day before the stock price closed, it fell sharply by 21.2%, the largest single day decline since October 2008.

Although Hugo Boss said it will announce the full 2015 fiscal year in March 10th.

But on this news, Hugo Boss fell 19.79 to 56 euros on Tuesday. At the same time, the stock has fallen to 26.9% in 2016, and the cumulative decline in 52 weeks has reached a terrible 52%.

The group noted that the group has been in the US and China market since 2016.

It is worse than expected, so the group will close to the level of Europe and America by reducing the price of Asian market.

After adjustment, the group will still record a drop of 10% - 13%, compared with a 1% drop in market expectations.