Samsonite International S.A.

Samsonite International S.A. Earnings Recaps

1910.HK Consumer Discretionary 1 recap
Next earnings: November 11, 2026 (estimated) · full calendar
Q3 2025 Nov 14, 2025

Samsonite Group displayed strong momentum in Q3 2025 with a notable sequential recovery in net sales across all regions, despite ongoing challenges in North America.

Key takeaways
  • Q3 net sales declined just 1.3% year-over-year, a significant improvement from the 5.8% decline in Q2, indicating positive growth trends.
  • Direct-to-consumer sales grew by 3.5%, with e-commerce sales surging over 10%, reflecting the company's successful shift towards a more robust DTC strategy.
  • Gross margins expanded to 59.6%, up 30 basis points year-over-year and 60 basis points sequentially, showcasing effective management of tariff impacts.
  • The TUMI brand turned positive with 5% growth in Q3, driven by strong performance in Asia and Europe, while American Tourister also showed recovery with 3% growth in key markets.
  • Positive trends in travel and non-travel sales set an optimistic outlook for Q4, with strong early signs for holiday season performance.