Samsonite International Reports 7.3% Decline in Net Sales for Q1 2025; American Tourister Sales Drop by 37.1%

Reuters
13 May
Samsonite International Reports 7.3% Decline in Net Sales for Q1 2025; American Tourister Sales Drop by 37.1%

Samsonite International SA reported a decline in net sales for the three months ended March 31, 2025. The company's net sales amounted to $796.6 million, representing a 7.3% decrease compared to $859.6 million in the same period in 2024. On a constant currency basis, the decrease was 4.5%. The gross profit for the period was $473.1 million, down 8.9% from $519.5 million in the previous year, with the gross profit margin slightly decreasing from 60.4% to 59.4%. Operating profit saw a significant drop of 26.9%, falling from $149.8 million to $109.5 million. Profit for the period also declined sharply by 39.7%, from $91.5 million to $55.2 million. The profit attributable to equity holders decreased by 42.6%, from $83.9 million to $48.2 million. The Samsonite brand, a key component of the company's portfolio, experienced a reduction in net sales of $32.4 million or 7.4%, with all regions reporting lower sales. In Asia, sales decreased by $17.7 million or 11.4%. These results reflect the company's continued challenges in a competitive market environment. Samsonite Group S.A. remains a leader in the travel luggage and global lifestyle bags industry, with a portfolio of well-known brands, including Samsonite®, TUMI®, and others.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Samsonite International SA published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.

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