Hugo Boss Updates Full-Year 2026 Outlook
WEBWIRE– Wednesday, November 4, 2026
Outlook 2026
- Currency-adjusted Group sales now expected to decline in the high single-digit percentage range
- EBIT expected to range between EUR 250 million and EUR 300 million
- Updated outlook reflects higher non-cash D&A expenses for IT assets in light of rapidly evolving AI and technology developments, as well as softer demand assumptions for Q4 amid elevated market uncertainty
- Trade net working capital is now expected to amount to around 21% of Group sales, reflecting lower trade payables following adjustments to supplier payment terms
- Capital expenditure is now anticipated to range between 4% and 5% of Group sales, including the strategic acquisition of a previously leased logistic property
- Free cash flow in 2026 is now expected to remain below the level originally anticipated
Key developments Q3 2026
- Group sales decline 5% currency-adjusted in Q3 amid ongoing strategic realignment and macroeconomic headwinds (YTD: 7%)
- Gross margin improves strongly by 220 basis points to 63.3%, driven by the execution of CLAIM 5 TOUCHDOWN initiatives
- EBIT declines to EUR 81 million with an EBIT margi...