Samsonite International S.A. Announces Results for the Three and Nine Months Ended September 30, 2024
Samsonite International reported a 6.8% decrease in Q3 2024 consolidated net sales compared to 2023, with total sales of US$877.7 million. The company maintained a gross profit margin of 59.3% and Adjusted EBITDA margin of 17.6%. Despite market challenges, Samsonite generated strong Free Cash Flow of US$94.2 million, up US$5.4 million year-on-year. The company returned US$222.0 million to shareholders through a US$150.0 million cash distribution and US$72.0 million in share buybacks. The company maintained substantial liquidity of US$1.4 billion and a healthy total net leverage ratio of 1.68x as of September 30, 2024.
Samsonite International ha registrato un calo del 6,8% nelle vendite nette consolidate del terzo trimestre del 2024 rispetto al 2023, con un fatturato totale di 877,7 milioni di dollari. L'azienda ha mantenuto un margine di profitto lordo del 59,3% e un margine di EBITDA rettificato del 17,6%. Nonostante le sfide di mercato, Samsonite ha generato un forte Flusso di Cassa Libero di 94,2 milioni di dollari, in aumento di 5,4 milioni di dollari rispetto all'anno precedente. L'azienda ha restituito 222,0 milioni di dollari agli azionisti attraverso una distribuzione di cassa di 150,0 milioni di dollari e 72,0 milioni di dollari in riacquisto di azioni. L'azienda ha mantenuto una liquidità sostanziale di 1,4 miliardi di dollari e un salutare rapporto di leva complessivo di 1,68x al 30 settembre 2024.
Samsonite International reportó una disminución del 6,8% en las ventas netas consolidadas del tercer trimestre de 2024 en comparación con 2023, con unas ventas totales de 877,7 millones de dólares. La compañía mantuvo un margen de beneficio bruto del 59,3% y un margen de EBITDA ajustado del 17,6%. A pesar de los desafíos del mercado, Samsonite generó un fuerte Flujo de Caja Libre de 94,2 millones de dólares, un aumento de 5,4 millones de dólares interanual. La compañía devolvió 222,0 millones de dólares a los accionistas a través de una distribución de efectivo de 150,0 millones de dólares y 72,0 millones de dólares en recompras de acciones. La compañía mantuvo una liquidez sustancial de 1,4 mil millones de dólares y un ratio de apalancamiento neto total saludable de 1,68x al 30 de septiembre de 2024.
샘소나이트 인터내셔널은 2024년 3분기 통합 순매출이 2023년 대비 6.8% 감소했다고 보고했으며, 총 매출은 8억 7,770만 달러에 달했습니다. 회사는 59.3%의 총 이익률과 17.6%의 조정 EBITDA 마진을 유지했습니다. 시장의 어려움에도 불구하고, 샘소나이트는 9,420만 달러의 강력한 자유현금을 생성했으며, 이는 전년 대비 540만 달러 증가한 것입니다. 회사는 2억 2,200만 달러를 주주에게 반환했으며, 이 중 1억 5,000만 달러는 현금 배당금과 7,200만 달러는 자사주 매입으로 이루어졌습니다. 회사는 2024년 9월 30일 기준으로 14억 달러의 충분한 유동성을 유지하고 있으며, 건강한 총 순부채 비율은 1.68배입니다.
Samsonite International a rapporté une baisse de 6,8% de ses ventes nettes consolidées au troisième trimestre 2024 par rapport à 2023, avec un chiffre d'affaires total de 877,7 millions de dollars. L'entreprise a maintenu une marge brute de 59,3% et une marge EBITDA ajustée de 17,6%. Malgré les défis du marché, Samsonite a généré un solide Flux de Trésorerie Libre de 94,2 millions de dollars, en hausse de 5,4 millions de dollars par rapport à l'année précédente. L'entreprise a restitué 222,0 millions de dollars aux actionnaires par le biais d'une distribution en espèces de 150,0 millions de dollars et de 72,0 millions de dollars en rachats d'actions. L'entreprise a conservé une liquidité substantielle de 1,4 milliard de dollars et un ratio d'endettement net total sain de 1,68x au 30 septembre 2024.
Samsonite International berichtete von einem Rückgang von 6,8% bei den konsolidierten Nettoumsätzen im 3. Quartal 2024 im Vergleich zu 2023, mit einem Gesamtumsatz von 877,7 Millionen US-Dollar. Das Unternehmen hielt eine Bruttogewinnmarge von 59,3% und eine bereinigte EBITDA-Marge von 17,6% aufrecht. Trotz der Herausforderungen auf dem Markt generierte Samsonite einen starken freien Cashflow von 94,2 Millionen US-Dollar, was einem Anstieg von 5,4 Millionen US-Dollar im Jahresvergleich entspricht. Das Unternehmen gab 222,0 Millionen US-Dollar an die Aktionäre zurück, darunter eine Barausschüttung von 150,0 Millionen US-Dollar und 72,0 Millionen US-Dollar durch Aktienrückkäufe. Das Unternehmen hielt eine substanzielle Liquidität von 1,4 Milliarden US-Dollar und ein gesundes Verhältnis der Nettoverschuldung von 1,68x zum 30. September 2024 aufrecht.
- Strong Free Cash Flow generation of US$94.2 million, up US$5.4 million YoY
- Substantial shareholder returns of US$222.0 million through distributions and buybacks
- Maintained healthy liquidity of US$1.4 billion
- Strong gross profit margin of 59.3%, 360 basis points above 2019 levels
- Net addition of 21 company-operated retail stores in Q3 2024
- Net sales declined 6.8% YoY to US$877.7 million
- Adjusted EBITDA decreased 20.3% to US$154.6 million
- Adjusted Net Income fell 36.6% to US$79.7 million
- Tumi brand sales decreased 8.9% due to softer consumer demand
- American Tourister brand sales declined 15.1% due to competitive pressures
Third quarter 2024 consolidated net sales decreased by
Recorded gross profit margin of
Generated strong third quarter 2024 Free Cash Flow3 of
Returned a total of
Maintained substantial liquidity4 of
Overview
Commenting on the results, Mr. Kyle Gendreau, Chief Executive Officer, said, "We are encouraged by Samsonite's results in the third quarter of 2024. While our net sales performance was impacted by softer-than-expected global consumer sentiment, an elevated promotional environment across our markets, as well as comparison to a record third quarter 2023 net sales that were driven by the post-pandemic surge in travel, we moderated the resulting impact on our profitability which remained well above the comparable period in 2019. We achieved this by leveraging our decentralized organizational structure and empowering our local teams to maintain discipline with promotional discounts and control expenses. We continued to invest in elevating our brands and driving long-term growth, including maintaining marketing spend as a percentage of net sales at a higher level compared to the corresponding period in 2019, as well as continuing to expand and upgrade our company-operated retail store fleet. Furthermore, we remain focused on closely managing cash and working capital to maintain strong Free Cash Flow3 generation. We initiated our share buyback program in August 2024 and repurchased approximately 30.0 million shares during the third quarter. At the same time, we continued to maintain substantial liquidity4 and a healthy total net leverage ratio5 as of September 30, 2024, positioning Samsonite to continue to invest for long-term growth."
"We are seeing improving trends as we go into the fourth quarter of 2024, and we expect to benefit from an anticipated improvement in consumer confidence in
"Looking ahead, we expect annual net sales growth to resume in 2025 versus a more normalized base, as we continue to invest in the business to drive new product innovations, channel and product category expansion, and optimized marketing spend to elevate our brands. Consumers have continued to prioritize travel despite macroeconomic headwinds, and travel trends are expected to remain robust over the next several years, driving long-term growth in our business."
"We remain focused on driving profitable sales growth through our higher-margin brands, channels, and regions, supported by disciplined expense management. We are confident in our ability to maintain robust margins in the near term, and to deliver positive operating leverage and margin expansion in the long run. Additionally, we will continue to leverage our asset-light business model to maintain strong Free Cash Flow3 generation. This will provide additional flexibility in capital allocation allowing us to continue to invest in organic growth, return cash to our shareholders, and deleverage our balance sheet going forward."
"We continue to make great progress on 'Our Responsible Journey', leveraging our leadership position to create a path towards a more sustainable future for the industry. At the beginning of November, we announced an ambitious near-term science-based target to reducing emissions across our operations and supply chain. As part of this announcement, we committed to continuing to use
Mr. Gendreau concluded, "Our preparations for a potential dual listing of the Company's securities in
2024 Third Quarter Highlights
During the three months ended September 30, 2024, the Group recorded net sales of
For the three months ended September 30, 2024, net sales of the Samsonite brand decreased by
The year-over-year decrease in net sales during the third quarter of 2024 was attributable to a
During the three months ended September 30, 2024, total net sales in the Group's direct-to-consumer ("DTC") channel decreased by
The Group recorded gross profit margin of
The Group continued to invest in marketing to support its brands, spending
Third quarter 2024 fixed SG&A expenses were relatively unchanged at
For the three months ended September 30, 2024, the Group's Adjusted EBITDA margin2 declined by 270 basis points year-over-year to
With prudent cash and working capital management, Samsonite generated strong Free Cash Flow3 of
In June 2024, the Company announced a share buyback program of up to
Supported by its strong Free Cash Flow3 generation, the Group's net debt remained relatively unchanged at
Table 1: Key Financial Highlights for the Three Months Ended September 30, 2024
US$ millions, except per share data | Three months ended September 30, 2024 | Three months ended September 30, 2023 | Percentage increase (decrease) 2024 vs. 2023 | Percentage increase (decrease) 2024 vs. 2023 excl. foreign currency effects1 |
Net sales | 877.7 | 957.7 | (8.3) % | (6.8) % |
Gross profit | 520.1 | 570.9 | (8.9) % | (7.0) % |
Gross profit margin | 59.3 % | 59.6 % | ||
Operating profit | 133.0 | 182.6 | (27.2) % | (25.0) % |
Profit for the period9 | 71.5 | 116.5 | (38.6) % | (34.1) % |
Profit attributable to the equity holders9 | 66.2 | 108.7 | (39.1) % | (34.2) % |
Adjusted Net Income7 | 79.7 | 125.7 | (36.6) % | (32.6) % |
Adjusted EBITDA6 | 154.6 | 194.0 | (20.3) % | (18.5) % |
Adjusted EBITDA margin2 | 17.6 % | 20.3 % | ||
Basic earnings per share – US$ per share9 | 0.046 | 0.075 | (39.5) % | (34.6) % |
Diluted earnings per share – US$ per share9 | 0.045 | 0.075 | (39.2) % | (34.3) % |
Adjusted basic earnings per share10 – US$ per share | 0.055 | 0.087 | (37.0) % | (33.0) % |
Adjusted diluted earnings per share10 – US$ per share | 0.055 | 0.086 | (36.7) % | (32.7) % |
Results for the Three Months Ended September 30, 2024
The Group's performance for the three months ended September 30, 2024, is discussed in greater detail below.
Net Sales
For the three months ended September 30, 2024, the Group recorded net sales of
Net Sales Performance by Region
Table 2: Net Sales by Region
Region11 | Three months ended September 30, 2024 US$ millions | Three months ended September 30, 2023 US$ millions | Percentage increase (decrease) 2024 vs. 2023 | Percentage Increase (decrease) 2024 vs. 2023 excl. foreign currency effects1 |
327.6 | 373.0 | (12.2) % | (11.5) % | |
295.8 | 321.0 | (7.9) % | (7.8) % | |
209.2 | 214.2 | (2.3) % | (1.7) % | |
45.1 | 49.2 | (8.3) % | 13.7 % | |
Corporate | 0.1 | 0.3 | (72.1) % | (72.1) % |
Total net sales | 877.7 | 957.7 | (8.3) % | (6.8) % |
During the three months ended September 30, 2024, the Group's net sales in
During the third quarter of 2024, net sales in
For the three months ended September 30, 2024, the Group recorded net sales of
For the three months ended September 30, 2024, the Group's net sales in
For the three months ended September 30, 2024, the Group recorded net sales of
Net Sales Performance by Brand
Table 3: Net Sales by Brand
Brand | Three months ended September 30, 2024 US$ millions | Three months ended September 30, 2023 US$ millions | Percentage increase (decrease) 2024 vs. 2023 | Percentage increase (decrease) 2024 vs. 2023 excl. foreign currency effects1 |
Samsonite | 479.0 | 498.2 | (3.9) % | (2.2) % |
Tumi | 193.3 | 213.7 | (9.5) % | (8.9) % |
American Tourister | 144.3 | 173.8 | (17.0) % | (15.1) % |
Other16 | 61.1 | 71.9 | (14.9) % | (11.9) % |
Total net sales | 877.7 | 957.7 | (8.3) % | (6.8) % |
For the three months ended September 30, 2024, net sales of the Samsonite brand decreased by
For the three months ended September 30, 2024, net sales of the Tumi brand decreased by
Net sales of the American Tourister brand declined by
Net Sales Performance by Product Category
Table 4: Net Sales by Product Category
Product Category | Three months ended September 30, 2024 US$ millions | Three months ended September 30, 2023 US$ millions | Percentage increase (decrease) 2024 vs. 2023 | Percentage Increase (decrease) 2024 vs. 2023 excl. foreign currency effects1 |
Travel | 588.7 | 644.5 | (8.7) % | (7.3) % |
Non-travel17 | 289.1 | 313.1 | (7.7) % | (5.7) % |
Total net sales | 877.7 | 957.7 | (8.3) % | (6.8) % |
Net sales in the travel product category decreased by
Net Sales Performance by Distribution Channel
Table 5: Net Sales by Distribution Channel
Distribution Channel | Three months ended September 30, 2024 US$ millions | Three months ended September 30, 2023 US$ millions | Percentage increase (decrease) 2024 vs. 2023 | Percentage Increase (decrease) 2024 vs. 2023 excl. foreign currency effects1 |
Wholesale | 527.9 | 596.7 | (11.5) % | (10.4) % |
Direct-to-consumer ("DTC") | 349.6 | 360.6 | (3.1) % | (0.8) % |
Other18 | 0.3 | 0.3 | 7.6 % | 7.6 % |
Total net sales | 877.7 | 957.7 | (8.3) % | (6.8) % |
During the three months ended September 30, 2024, the Group's net sales in the DTC channel, which includes company-operated retail stores and DTC e-commerce, decreased by
During the three months ended September 30, 2024, the Group added 30 company-operated retail stores, partially offset by the permanent closure of 9 company-operated retail stores. This resulted in a net increase of 21 company-operated retail stores during the third quarter of 2024, compared to a net addition of 20 company-operated retail stores during the third quarter of 2023. The total number of company-operated retail stores was 1,104 as of September 30, 2024, compared to 1,021 as of September 30, 2023.
Gross Profit
The Group recorded gross profit of
Distribution Expenses
Distribution expenses were
Investment in Marketing
The Group spent
General and administrative expenses
General and administrative expenses decreased by
Other expenses
The Group recorded other expense of
Operating Profit
The Group reported an operating profit of
Net Finance Costs and Income Tax Expense
Net finance costs decreased by
The Group recorded an income tax expense of
Profit for the Period
Profit for the three months ended September 30, 2024, was
Profit Attributable to the Equity Holders
The Group recorded profit attributable to the equity holders of
Adjusted EBITDA6 and Adjusted Net Income7
For the three months ended September 30, 2024, the Group recorded Adjusted EBITDA6 of
Adjusted Net Income7 decreased by
Investment in Inventories and Working Capital
The Group continued to closely manage its working capital, particularly inventories. Inventories as of September 30, 2024, were
Net working capital was
Total capital expenditures
The Group had total capital expenditures (consisting of purchases of property, plant and equipment and software) of
Balance Sheet and Cash Flows
Free Cash Flow3 increased by
In August 2024, the Company initiated its previously announced share buyback program of up to
In June 2024, the Company's shareholders approved the
As of September 30, 2024, the Group had
Total liquidity4 as of September 30, 2024, was
Table 6: Key Financial Highlights for the Nine Months Ended September 30, 2024
US$ millions, except per share data | Nine months ended September 30, 2024 | Nine months ended September 30, 2023 | Percentage increase (decrease) 2024 vs. 2023 | Percentage increase (decrease) 2024 vs. 2023 excl. foreign currency effects1 |
Net sales | 2,646.2 | 2,733.9 | (3.2) % | (0.6) % |
Gross profit | 1,584.9 | 1,614.5 | (1.8) % | 1.3 % |
Gross profit margin | 59.9 % | 59.1 % | ||
Operating profit | 447.7 | 494.7 | (9.5) % | (5.7) % |
Profit for the period9 | 255.6 | 281.3 | (9.1) % | (2.7) % |
Profit attributable to the equity holders9 | 235.6 | 254.6 | (7.5) % | (0.4) % |
Adjusted Net Income7 | 253.7 | 296.6 | (14.5) % | (8.4) % |
Adjusted EBITDA6 | 488.1 | 528.3 | (7.6) % | (4.0) % |
Adjusted EBITDA margin2 | 18.4 % | 19.3 % | ||
Basic earnings per share – US$ per share9 | 0.162 | 0.176 | (8.2) % | (1.2) % |
Diluted earnings per share – US$ per share9 | 0.161 | 0.175 | (8.4) % | (1.4) % |
Adjusted basic earnings per share10 – US$ per share | 0.174 | 0.205 | (15.2) % | (9.2) % |
Adjusted diluted earnings per share10 – US$ per share | 0.173 | 0.204 | (15.4) % | (9.4) % |
Results Highlights for the Nine Months Ended September 30, 2024
For the nine months ended September 30, 2024, the Group's net sales decreased by
During the first nine months of 2024, net sales in
For the nine months ended September 30, 2024, net sales of the Samsonite brand increased by
During the nine months ended September 30, 2024, the Group's net sales in the DTC channel increased by
The Group achieved gross profit margin of
The Group spent
Due to disciplined expense management, fixed SG&A expenses increased by
For the nine months ended September 30, 2024, Samsonite's Adjusted EBITDA margin2 decreased by 90 basis points to
2024 Third Quarter Results – Conference Call for Analysts and Investors:
Date: | Wednesday, November 13, 2024 |
Time: | 09:00 |
Webcast Link: | |
Dial-in Details: |
About Samsonite
With a heritage dating back more than 110 years, Samsonite International S.A. ("Samsonite" or the "Company", together with its consolidated subsidiaries the "Group"), is a leader in the global lifestyle bag industry and is the world's best-known and largest travel luggage company. The Group is principally engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags and travel accessories throughout the world, primarily under the Samsonite®, Tumi®, American Tourister®, Gregory®, High Sierra®, Kamiliant®, Lipault® and Hartmann® brand names as well as other owned and licensed brand names. The Company's ordinary shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK").
For more information, please contact: | ||
Tel: +1 508 851 1586 | Tel: +852 2422 2611 | |
Alvin Concepcion Email: Alvin.Concepcion@samsonite.com
| William Yue Email:
| Helena Sau Email: |
Tel: +1 212 355 4449 Michael Freitag / Tim Ragones / Ed Trissel Email: Samsonite-JF@joelefrank.com |
Notes: | |
________________________________ | |
1 | Results stated on a constant currency basis, a non-International Financial Reporting Standards ("IFRS") Accounting Standards measure, are calculated by applying the average exchange rate of the same period in the year under comparison to current period local currency results. |
2 | Adjusted EBITDA margin, a non-IFRS measure, is calculated by dividing adjusted earnings before interest, taxes, depreciation and amortization of intangible assets ("Adjusted EBITDA") by net sales. |
3 | Free Cash Flow, a non-IFRS measure, is defined as net cash generated from (used in) operating activities less (i) purchases of property, plant and equipment and software ("total capital expenditures") and (ii) principal payments on lease liabilities (each as set forth on the condensed consolidated statements of cash flows). |
4 | Total liquidity is calculated as the sum of cash and cash equivalents per the condensed consolidated statements of financial position plus available capacity under the revolving credit facility. |
5 | The total net leverage ratio is calculated by dividing total consolidated net debt minus the aggregate amount of unrestricted cash by the consolidated Adjusted EBITDA for the trailing four fiscal quarters on a pro forma basis as defined in the credit agreement. |
6 | Adjusted EBITDA, a non-IFRS measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges. Adjusted EBITDA includes the lease interest and amortization expense under IFRS 16, Leases ("IFRS 16") to account for operational rent expenses. The Group believes these measures provide additional information that is useful in gaining a more complete understanding of its operational performance and of the underlying trends of its business. |
7 | Adjusted Net Income, a non-IFRS measure, eliminates the effect of a number of costs, charges and credits and certain other non-cash charges, along with their respective tax effects, that impact the Group's reported profit attributable to the equity holders for the period, which the Group believes helps to give securities analysts, investors and other interested parties a better understanding of the Group's underlying financial performance. |
8 | As of September 30, 2024, the Group had |
9 | Effective since the third quarter of 2024, the Group voluntarily made a change in accounting policy related to the recognition of the subsequent changes in fair value of the put option financial liabilities associated with the non-controlling interests in certain of the Group's majority owned subsidiaries. See Change in Accounting Policy in the Group's Quarterly Report for further discussion on this voluntary change in accounting policy. |
10 | Adjusted basic and diluted earnings per share, both non-IFRS measures, are calculated by dividing Adjusted Net Income by the weighted average number of shares used in the basic and diluted earnings per share calculations, respectively. |
11 | The geographic location of the Group's net sales generally reflects the country/territory from which its products were sold and does not necessarily indicate the country/territory in which its end customers were actually located. |
12 | Net sales reported for |
13 | Net sales reported for |
14 | Net sales reported for the |
15 | Net sales in |
16 | "Other" includes certain other non-core brands owned by the Group, such as Gregory, High Sierra, Kamiliant, Lipault, Hartmann, Saxoline and Secret, as well as certain third-party brands. |
17 | The non-travel product category includes business, casual, accessories and other products. |
18 | "Other" primarily consists of licensing revenue. |
19 | For the three months ended September 30, 2024, the Group spent |
20 | For the nine months ended September 30, 2024, the Group spent |
Non-IFRS Measures
The Company has presented certain non-IFRS measures in this press release because each of these measures provides additional information that management believes is useful for securities analysts, investors and other interested parties to gain a more complete understanding of the Group's operational performance and of the trends impacting its business. These non-IFRS measures, as calculated herein, may not be comparable to similarly named measures used by other companies, and should not be considered comparable to IFRS measures. Refer to the relevant announcement/report published by the Company for the corresponding period for reconciliations of the Group's non-IFRS Accounting Standards financial information. Non-IFRS measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, an analysis of the Group's financial results as reported under IFRS Accounting Standards.
Forward-looking Statements
This press release contains forward-looking statements. Forward-looking statements reflect the Company's current views with respect to future events and performance. These statements may discuss, among other things, the Company's net sales, gross profit margin, operating profit, Adjusted Net Income, Adjusted EBITDA, Adjusted EBITDA margin, cash flow, liquidity and capital resources, potential impairments, growth, strategies, plans, achievements, distributions, organizational structure, future store openings or closings, market opportunities and general market and industry conditions. The Company generally identifies forward-looking statements by words such as "expect", "seek", "believe", "plan", "intend", "estimate", "project", "anticipate", "may", "will", "would" and "could" or similar words or statements. Forward-looking statements are based on beliefs and assumptions made by management using currently available information. These statements are only predictions and are not guarantees of future performance, actions or events. Forward-looking statements are subject to risks and uncertainties.
If one or more of these risks or uncertainties materialize, or if management's underlying beliefs and assumptions prove incorrect, actual results may differ materially from those contemplated by a forward-looking statement. Among the factors that could cause actual results to differ materially are: the effect of worldwide economic conditions; the effect of political or social unrest and armed conflict; the effects of inflation; a general economic downturn or generally reduced consumer spending; significant changes in consumer spending patterns or preferences; interruptions or delays in the supply of finished goods or key components; the performance of the Group's products within the prevailing retail environment; financial difficulties encountered by customers and related bankruptcy and collection issues; and risks related to the success of the Group's restructuring programs.
Forward-looking statements speak only as of the date on which they are made. The Company's shareholders, potential investors and other interested parties should not place undue reliance on these forward-looking statements. The Company expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws and regulations.
Rounding
Certain amounts presented in this press release have been rounded up or down to the nearest tenth of a million, unless otherwise indicated. There may therefore be discrepancies between the actual totals of the individual amounts in the tables and the totals shown, between the amounts in the tables and the amounts given in the corresponding analyses in the text of this press release and between amounts in this press release and other publicly available documents. All percentages and key figures were calculated using the underlying data in whole US Dollars.
View original content:https://www.prnewswire.com/news-releases/samsonite-international-sa-announces-results-for-the-three-and-nine-months-ended-september-30-2024-302304110.html
SOURCE Samsonite
FAQ
What was Samsonite's (SMSEY) net sales performance in Q3 2024?
How much cash did Samsonite (SMSEY) return to shareholders in Q3 2024?
What was Samsonite's (SMSEY) Free Cash Flow in Q3 2024?