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Merck KGaA reports its FY 2023 earnings with an EPS of EUR6.49, revenue of EUR20.99B, Adj EBITDA of EUR5.88B, and net income of EUR2.834B. Hugo Boss expects its 2024 operating profit to grow by 5% to 15%, below market expectations. Both companies face challenges in meeting sales and profit forecasts, leading to significant drops in their stock values.
Victoria's Secret sees stock plunge by 30% after stores warn over unexpected $180million drop in sales in 2024 https://t.co/NBhVyyRBSx https://t.co/ADdTCZs5Jb
Hugo Boss shares plummeted on Thursday in its worst session in eight years as investors ran from the stock after the German fashion giant warned of much slower sales growth this year https://t.co/vadj2LDQ79 https://t.co/77hMd2qCWU
Victoria’s Secret’s stock plunges 30% in worst day ever as lingerie sales tank https://t.co/XY1dJAlirO https://t.co/RIB7fSgYBC