(Reuters) – Hugo Boss reported a second-quarter operating profit below market expectations on Thursday, after the German fashion house slashed its annual sales and earnings forecasts last month due to weakening consumer demand.
Its quarterly earnings before interest and tax (EBIT) were down 42% on the year at 70 million euros ($75.8 million), while analysts polled by LSEG were expecting 81.9 million euros on average.
($1 = 0.9237 euros)
(Reporting by Ozan Ergenay, Tristan Veyet in Gdansk, additional reporting by Linda Pasquini; editing by Milla Nissi)
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