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Samsonite International (SMSEY)
:SMSEY
Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 24.70%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive and negative aspects. Strong cash flow and resilience in certain regions and brands were offset by significant sales declines in key markets like China and India. The company remains optimistic about future growth, particularly in their DTC channels and the Samsonite brand.Company Guidance
During the third quarter of 2024, Samsonite International's earnings call highlighted several key metrics reflecting the company's performance and future outlook. The company reported net sales of $878 million, a 6.8% decline compared to the exceptionally strong Q3 2023 but still up 21% from 2019 levels. Gross margin was slightly down by 30 basis points to 59.3%, primarily due to a mix effect in Asia and Tumi products. The adjusted EBITDA stood at $155 million with a margin of 17.6%, down 270 basis points from the previous year. Cash flow remained robust at $94 million, an increase of $5 million year-over-year. Fixed SG&A expenses were flat at $216 million, but as a percentage of sales, they increased by about 200 basis points. The company also maintained strong liquidity with over $1.4 billion available, including $744 million under its revolving credit facility. Looking forward, Samsonite anticipates ending the year with sales approximately flat on a constant currency basis compared to 2023 and expects a more normalized sales growth in 2025, driven by positive travel trends and strategic investments in product innovation and brand elevation.Strong Cash Flow and Shareholder Returns
Generated strong free cash flow of $94 million in Q3 2024, an increase of $5 million compared to Q3 2023. Returned $222 million to shareholders, including $150 million in dividends and $72 million in share repurchases.
Continued Growth in Latin America
Latin America sales increased by nearly 14% in Q3 2024, continuing a strong trend in the region.
Resilient Performance of Samsonite Brand
Samsonite brand sales were up 3.5% in North America and remained nearly 40% above 2019 levels.
Expansion of Direct-to-Consumer (DTC) Channels
Year-to-date DTC sales increased by 3%, with e-commerce up 7.3% and the addition of 83 net new stores.
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SMSEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMSEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $11.74 | $11.54 | -1.70% |
| Aug 14, 2024 | $13.93 | $13.57 | -2.58% |
| May 14, 2024 | $18.00 | $18.01 | +0.06% |
| Mar 13, 2024 | $18.51 | $18.26 | -1.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Samsonite International (SMSEY) report earnings?
Samsonite International (SMSEY) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Samsonite International (SMSEY) earnings time?
Samsonite International (SMSEY) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMSEY EPS forecast?
Currently, no data Available
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