Hugo Boss shares slide 10% as profits fall short for retailer

For the full year, Hugo Boss sales reached €4.2bn, up from €3.65bn a year earlier

Profits missed expectations in the quarter despite sales rising 13% to €1.18bn. File picture: Gareth Chaney/Collins Photos

Hugo Boss shares ended 10% down on Tuesday after its fourth quarter operating profit missed expectations, adding to signs of strain among fashion retailers, though sales continued to grow.

Quarterly earnings before interest and tax came in at €121m, missing analysts' targets. Still, sales rose 13% to €1.18bn, boosted by a 33% jump in revenue in the Asia-Pacific region. Revenue increased by 7% in the Europe, Middle East and Africa region, and 18% in the Americas.