Core Insights - Hugo Boss reported total sales of €989 million for Q3 2025, a year-on-year decline of approximately 4%, with a constant currency sales decrease of about 1% [1] - For the first nine months of 2025, sales amounted to approximately €2.989 billion, down from €3.058 billion in the same period last year, reflecting a constant currency sales decline of about 1% [1] Regional Performance - Sales in the Americas increased by approximately 3% [1] - EMEA (Europe, Middle East, and Africa) region sales declined by about 2% [1] - Asia-Pacific region, including China, experienced a sales decline of approximately 4% [1] Channel Performance - Digital business sales grew by approximately 2% [1] - Direct retail sales remained relatively stable [1] - Wholesale channel sales decreased by about 5%, primarily due to delivery time impacts [1] Financial Metrics - Q3 gross margin was 61.2%, an increase of about 1 percentage point from last year's 60.2% [1] - EBIT (Earnings Before Interest and Taxes) remained stable, with a year-on-year decline of approximately 1%, resulting in an EBIT margin of about 9.6%, up by approximately 30 basis points from the previous year [1]

Core Viewpoint - The company indicates that Trump's tariffs will negatively impact EBIT and industrial free cash flow [1] Group 1 - The tariffs imposed by Trump are expected to have a detrimental effect on the company's earnings before interest and taxes (EBIT) [1] - The industrial free cash flow (FCF) of the company is also projected to be adversely affected by these tariffs [1]