SAMSONITE (01910) announced its financial results for the nine months ended September 30, 2025. The group recorded net sales of $2.534 billion, a 4.2% year-on-year decline. Net profit attributable to shareholders stood at $192 million, down 18.6% YoY, with basic earnings per share of $0.138.

The company attributed the drop in net sales to increased caution among traditional wholesale clients amid macroeconomic uncertainty and trade policy shifts, coupled with weaker consumer sentiment leading to reduced demand.

Gross margin for the nine-month period was 59.3%, a 60-basis-point decrease from 59.9% in the same period last year. This decline was primarily driven by unfavorable regional sales mix, including lower contributions from higher-margin Asian markets, as well as strategic promotional activities to boost sales volume. These factors were partially offset by increased contributions from the TUMI brand and direct-to-consumer (DTC) channels in total net sales.