Hong Kong · Delayed Price · Currency is HKD Samsonite Group Earnings Call Transcripts
Fiscal Year 2026
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Net sales grew 4.1% year-over-year, with strong gross margin at 59% and robust cash flow. Full-year guidance calls for low single-digit sales growth, increased marketing investment, and sequential EBITDA margin improvement, supported by healthy liquidity and capital returns.
Fiscal Year 2025
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Q4 2025 saw a return to positive net sales growth, margin expansion, and strong D2C and non-travel performance, despite ongoing geopolitical risks. Full-year results reflect normalization post-pandemic, with robust cash flow and continued investment in growth and sustainability.
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Sequential improvement in Q3 with net sales down 1.3% year-over-year but all regions and brands showing better trends. Gross margin expanded to 59.6%, and non-travel sales grew nearly 7%, now 35.6% of total sales. Strong outlook for Q4 and 2025, supported by product innovation and robust travel demand.
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First half 2025 net sales declined 5.2% year-over-year, with DTC channels showing resilience and gross margin remaining strong at 59.2%. Sequential improvement is expected in the second half, though macroeconomic and consumer sentiment uncertainties persist.
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Q1 2025 saw a 4.5% sales decline year-over-year, with gross margin at 59.4% and adjusted EBITDA margin at 16%. Despite macroeconomic and tariff uncertainties, cost discipline and innovation supported steady performance, with Q2 expected to mirror Q1 trends.
Fiscal Year 2024
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Q4 delivered 1% constant currency sales growth and record EBITDA margin, with robust gross margins and strong cash flow. Full-year sales were flat after a record 2023, but profitability and liquidity remained high. Outlook for 2025 is cautious but expects sequential improvement, with steady Europe and Latin America, improving Asia, and continued investment in sustainability and brand elevation.
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Q3 sales declined 6.8% year-over-year due to tough comps and softer sentiment, but margins and cash flow remained strong. Full-year sales are expected to be flat versus 2023, with sequential improvement in Q4 and a return to normalized growth in 2025.
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First-half sales grew 2.8% to $1.769B with record gross and EBITDA margins, despite softer consumer sentiment and increased competition in key markets. The company maintained strong cash flow, reduced leverage, and announced a $200M buyback and dual U.S. listing.