Hugo Boss Q1 2025 Resorts, the effect of customs tariffs

shares Hugo coach He jumped on Tuesday after publishing a lower decrease in fear in sales in the first quarter and repeated her entire year despite the total economic uncertainty and tariff.

The developed German retail company said the revenues decreased by 2 % on the basis of a currency that was modified over a period of three months to 999 million euros ($ 1.13 billion), ahead of the forecast of 979 million euros by analysts in the LSEG survey.

The stocks rose up to 8.8 % on the news. The last time in the arrow was seen trading 8.5 % at about 8:29 am London time.

The weakest sales were drove primarily through the gentle demand in the Asia Pacific region, specifically “the continuous consumer request in China”, which the company attributed to the consumer expectations more ambiguous.

“After the strong completion of the year 2024, our performance was affected in the first quarter of 2025 with the uncertainty in the growing macroeconomic economy, which affected the feeling of the global consumer and our industry,” CEO Daniel Grader said in a statement.

However, the group confirmed its forecast for 2025, as it expected that the whole year sales would be in line with between 4.2 billion euros and 4.4 billion euros.

He added that he continues to monitor the economic view, after Gerd Notice in March World trade tensions have already had a clear impact on demand in the first quarter.

He added: “We closely monitor the developments of the macroeconomic economy and remain vigilant in light of the high uncertainty, including the current tariff discussions.”

This is a developing story. Please check again for updates.