Core Viewpoint - Samsonite reported a decline in financial performance for the three months ending March 31, 2025, with net sales decreasing by 7.3% year-on-year, primarily due to a drop in sales from the Asia region [2][6]. Financial Performance Summary - Net sales for the period were $796.6 million, down from $859.6 million in the same period of 2024, representing a decrease of 7.3% (4.5% decline on a constant currency basis) [2][6]. - Gross profit was $473.1 million, with a gross margin of 59.4%, down from 60.4% year-on-year, attributed to changes in the sales mix [2][6]. - Operating profit was reported at $109.5 million, a decrease of 26.9% compared to the previous year [2][6]. - Net profit for the period was $55.2 million, down 39.7% from $91.5 million in 2024 [2][6]. - Adjusted net income was $52.0 million, reflecting a 40.3% decrease year-on-year [2][6]. - Profit attributable to equity holders was $48.2 million, a decline of 42.6% compared to the same period last year [3][6]. Sales Performance Factors - The decline in net sales was influenced by reduced sales in Asia, decreased consumer confidence in North America, and timing changes in wholesale channel sales that negatively impacted the first quarter of 2025 [2][6]. - However, this decline was partially offset by growth in sales from the American Tourister and TUMI brands in Europe [2][6]. Market Reaction - As of the report date, Samsonite's stock was trading at HKD 14.14, reflecting a decline of 8.06%, with a market capitalization of HKD 20.678 billion [7].
新秀丽今年前三个月销售净额同比降7.3%！公司股价跌超8%