Samsonite's Q3 Net Profit Increases 11%, Gross Margin Rises to 59.6%

Samsonite shares surged over 19% in Hong Kong as Q3 net profit increased by 11%, with a gross margin rising to 59.6%.

On the evening of November 12, Samsonite announced the results for the nine months ended September 30, 2025. The group reported a net sales of USD 2.534 billion, a 4.2% decrease year-on-year; profit attributable to equity holders stood at USD 192 million, an 18.6% decline year-on-year. For the third quarter alone, the company achieved net sales of USD 873 million, a slight decrease of 0.6% year-on-year; profit attributable to equity holders reached USD 73.5 million, marking an 11% increase year-on-year. The gross margin for the three months ended September 30, 2025, rose by 30 basis points to 59.6% compared to the three months ended September 30, 2024, mainly due to a favorable mix shift from increased contributions from the TUMI brand and the DTC channel to the total net sales.