Core Viewpoint - Samsonite (01910) reported a net sales of $2.534 billion for the nine months ending September 30, 2025, representing a year-on-year decrease of 4.2% [1] - The profit attributable to equity holders was $192 million, down 18.6% year-on-year, with basic earnings per share at $0.138 [1] Sales Performance - The decline in net sales is attributed to macroeconomic uncertainties and changes in trade policies, leading traditional wholesale customers to be more cautious in their purchasing [1] - Consumer sentiment has weakened, resulting in reduced demand [1] Profitability Metrics - The gross profit margin for the nine months ending September 30, 2025, was 59.3%, a decrease of 60 basis points from 59.9% for the same period ending September 30, 2024 [1] - The unfavorable change in the regional sales mix, including a decline in sales from the higher-margin Asia region, contributed to the decrease in gross profit margin [1] Strategic Initiatives - Some strategic promotional measures aimed at boosting sales volume also impacted the gross profit margin [1] - The contributions from the TUMI brand and direct-to-consumer (DTC) channels partially offset the negative impacts on sales [1]

截至2025年9月30日止九个月的毛利率为59.3%，较截至2024年9月30日止九个月的59.9%下降60个基 点。此乃主要由於地区销售净额组合的不利变动，包括毛利率较高的亚洲区所占销售净额下降，以及一 些为推动销售量而实行的策略性促销措施所致，部分被TUMI品牌和DTC渠道在总销售净额中的贡献增 加所抵销。 截至2025年9月30日止九个月，经调整净收入（一项非IFRS财务计量工具）为1.87亿美元，较截至2024 年9月30日止九个月的2.54亿百万美元减少66.7百万美元或26.3%。 截至2025年9月30日止九个月的经营溢利为377.6百万美元，较截至2024年9月30日止九个月的447.7百万 美元减少70.1百万美元或15.7%。 格隆汇11月12日丨新秀丽(01910.HK)公布2025年前三季度报告。截至2025年9月30日止九个月，销售净 额为25.34亿美元，而截至2024年9月30日止九个月则为26.46亿美元。与截至2024年9月30日止九个月相 比，截至2025年9月30日止九个月的销售净额减少111.9百万美元或4.2%（按不变汇率基准计算则减少 3.9%）。销售净额有所下降主 ...