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Samsonite International SA (HK:1910)
:1910
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.46Last Year’s EPS
0.62Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 16.37%
|Next Earnings Date:Aug 29, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with strong cash flow, resilience in the Samsonite brand, and growth in Latin America and direct-to-consumer channels being positive highlights. However, these were offset by declines in net sales, challenges in China and India, and decreased performance of the Tumi brand. Overall, the company remains optimistic about future growth opportunities and travel trends, but current economic pressures and competitive environments present challenges.Company Guidance
In the third-quarter earnings call for 2024, Samsonite International's executives provided guidance highlighting several key metrics. The company's net sales were reported at $878 million, marking a 6.8% decrease from the previous year's record-breaking third quarter, though still up 21% compared to 2019. Despite facing softer consumer sentiment and an elevated promotional environment, notably in China and India, the gross margin was relatively robust at 59.3%, only 30 basis points down from the previous year. Adjusted EBITDA was $155 million, reflecting a margin of 17.6%, a decrease of 270 basis points year-over-year, largely due to SG&A expenses. Free cash flow was strong at $94 million, up by $5 million from the previous year. The company maintained disciplined fixed SG&A expenses at $216 million, and its net debt stood at $1.1 billion. The outlook for the remainder of the year anticipates flat sales growth on a constant currency basis compared to 2023, with expected improvement in consumer sentiment in Q4, particularly in China. The company continues to focus on driving long-term growth through product innovation and disciplined expense management, while also advancing its sustainability initiatives and dual-listing preparations.Strong Cash Flow and Decrease in Net Debt
The company generated a strong free cash flow of $94 million in Q3, up $5 million from Q3 last year. Net debt decreased to just over $1.1 billion from $1.39 billion last year, even after returning $222 million to shareholders.
Resilient Performance of Samsonite Brand
The Samsonite brand showed resilience, particularly in North America, with an increase of 3.5% in Q3. Year-to-date, Samsonite is up 3% and nearly 40% compared to 2019.
Continued Expansion and Growth in Latin America
Latin America showed robust growth with a 13% increase in Q3. The region continues to be a strong performer, with an 18.2% increase year-to-date.
Strategic Direct-to-Consumer Initiatives
Direct-to-consumer sales increased by 3% year-to-date, with e-commerce sales up 7.3%. The company opened 83 net new stores since September of last year.
Sustainability Initiatives Progress
The company announced its near-term science-based climate targets, aiming to reduce Scope 3 emissions by 52% by 2030 from a base year of 2022.
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HK:1910 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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HK:1910 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | HK$18.26 | HK$17.96 | -1.64% |
| Aug 14, 2024 | HK$21.70 | HK$21.15 | -2.53% |
| May 14, 2024 | HK$27.89 | HK$27.89 | 0.00% |
| Mar 13, 2024 | HK$28.71 | HK$28.32 | -1.34% |
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 SA (HK:1910) report earnings?
Samsonite International SA (HK:1910) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Samsonite International SA (HK:1910) earnings time?
Samsonite International SA (HK:1910) 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 the P/E ratio of Samsonite International SA stock?
The P/E ratio of Samsonite International SA is N/A.
What is HK:1910 EPS forecast?
HK:1910 EPS forecast for the fiscal quarter 2024 (Q4) is 0.46.
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