Samsonite International OTC ( (SMSOF) ) has released its Q2 earnings. Here is a breakdown of the information Samsonite International OTC presented to its investors.
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Samsonite International OTC, a leading global luggage and travel accessories company, has reported its interim financial results for the first half of 2025, reflecting challenges in the macroeconomic environment. The company’s net sales for the first half of 2025 were $1,661.7 million, a decrease of 6% compared to the same period in 2024, primarily due to cautious purchasing by wholesale customers and reduced consumer demand. Gross profit margin slightly declined to 59.2%, and adjusted EBITDA fell by 19.4% to $268.7 million. Despite these challenges, Samsonite continued to invest in its direct-to-consumer (DTC) channel, which now contributes 39.6% of net sales, and expanded its retail presence with 21 new stores in the first half of the year. Looking forward, Samsonite remains focused on leveraging its diversified brand portfolio and expanding its non-travel product category to drive long-term growth, while navigating the current economic uncertainties.