Samsonite International ( (SMSEY) ) has released its Q4 earnings. Here is a breakdown of the information Samsonite International presented to its investors.
Samsonite International, a leading global luggage and travel accessories company, operates in the consumer goods sector with a focus on innovative and sustainable product offerings.
In its latest earnings report for the year ended December 31, 2024, Samsonite International reported a slight decline in net sales compared to the previous year, attributed to softer consumer sentiment and increased competition. Despite these challenges, the company maintained a strong gross profit margin and continued to invest in its direct-to-consumer (DTC) business and sustainability initiatives.
Key financial highlights include net sales of $3.59 billion, a decrease of 2.5% from 2023, and a gross profit margin of 60.0%, up from 59.3% the previous year. Operating profit fell by 15.4% to $629.3 million, while adjusted EBITDA decreased by 3.7% to $683.0 million. The company also returned $307.6 million to shareholders through share buybacks and cash distributions.
Looking ahead, Samsonite remains optimistic about the growth prospects in the travel and tourism sector, expecting steady demand for its products. The company plans to continue focusing on brand elevation, product innovation, and expanding its market reach, particularly in the non-travel category, while maintaining disciplined expense management to support long-term growth.
Overall, Samsonite’s strategic initiatives and strong financial position provide a solid foundation for navigating the uncertain macroeconomic environment and capturing opportunities in the growing travel market.