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Hugo Boss AG (CHIX:BOSSD) Gross Margin % : 60.16% (As of Sep. 2024)


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What is Hugo Boss AG Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hugo Boss AG's Gross Profit for the three months ended in Sep. 2024 was €619 Mil. Hugo Boss AG's Revenue for the three months ended in Sep. 2024 was €1,029 Mil. Therefore, Hugo Boss AG's Gross Margin % for the quarter that ended in Sep. 2024 was 60.16%.

Warning Sign:

Hugo Boss AG gross margin has been in long-term decline. The average rate of decline per year is -1.2%.


The historical rank and industry rank for Hugo Boss AG's Gross Margin % or its related term are showing as below:

CHIX:BOSSd' s Gross Margin % Range Over the Past 10 Years
Min: 61.01   Med: 65.12   Max: 66.18
Current: 61.49


During the past 13 years, the highest Gross Margin % of Hugo Boss AG was 66.18%. The lowest was 61.01%. And the median was 65.12%.

CHIX:BOSSd's Gross Margin % is ranked better than
92.01% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.67 vs CHIX:BOSSd: 61.49

Hugo Boss AG had a gross margin of 60.16% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hugo Boss AG was -1.20% per year.


Hugo Boss AG Gross Margin % Historical Data

The historical data trend for Hugo Boss AG's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hugo Boss AG Gross Margin % Chart

Hugo Boss AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.03 61.01 61.76 61.79 61.49

Hugo Boss AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.66 61.53 61.44 62.86 60.16

Competitive Comparison of Hugo Boss AG's Gross Margin %

For the Apparel Manufacturing subindustry, Hugo Boss AG's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hugo Boss AG's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hugo Boss AG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hugo Boss AG's Gross Margin % falls into.



Hugo Boss AG Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Hugo Boss AG's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=2580.9 / 4197.459
=(Revenue - Cost of Goods Sold) / Revenue
=(4197.459 - 1616.606) / 4197.459
=61.49 %

Hugo Boss AG's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=619 / 1029
=(Revenue - Cost of Goods Sold) / Revenue
=(1029 - 410) / 1029
=60.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Hugo Boss AG  (CHIX:BOSSd) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Hugo Boss AG had a gross margin of 60.16% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Hugo Boss AG Gross Margin % Related Terms

Thank you for viewing the detailed overview of Hugo Boss AG's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Hugo Boss AG Business Description

Address
Dieselstrasse 12, Metzingen, DEU, 72555
Hugo Boss is a German-based menswear apparel brand operating in the premium segment through its two brands, Boss and Hugo. The brand was founded in 1924 and initially focused on uniforms. After World War II and the death of the founder, the company shifted focus to men's suits. The company is globally present with 61% of revenue generated in the European market, 23% in the Americas, 14% in Asia-Pacific, and less than 3% from licenses. It generates over 50% of sales through its own retail with over 1,400 stores globally.

Hugo Boss AG Headlines

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