SAMSONITE GROUP S A (OTCPK:SMSOF) Q1 2025 Earnings Conference Call May 13, 2025 8:30 AM ET
Company Participants
William Yue – Vice President, Investor Relations
Kyle Gendreau – Chief Executive Officer
Reza Taleghani – Chief Financial Officer
Conference Call Participants
Erwan Rambourg – HSBC
Dustin Wei – Morgan Stanley
Kin Shun Ling – Jefferies
William Yue
Thank you for taking the time to join Samsonite’s First Quarter 2025 Results Presentation. We have our CEO, Kyle Gendreau; and our CFO, Reza Taleghani with us today.
And Kyle will begin, will start off with a few comments. Thank you.
Kyle Gendreau
Okay. Thanks, William. Thanks everybody for joining us. I’m assuming you can see the slides.
I’m on Page 5 of our deck. And so, let me start with just what we’re seeing. And what I would say is, we’re confidently managing through market uncertainties with agility and focus. And I would say across all of our teams globally, as you’d expect, particular focus in North America. But everybody’s very focused on the backdrop today.
We’re seeing a macroeconomic environment that’s a bit more uncertain, that’s not new news to anybody on the call. And it’s risen considerably, I’d say worldwide. And the tariff situation in the U.S. remains fluid. Basically weekly, we’re getting a sense for updates and that is impacting consumer sentiment across our markets. And our teams again around the world, are managing the business with real agility and focus. Real track record for managing through economic uncertainties in a really strong way.
We have very strong industry dynamics. They continue to remain in place. So we’re seeing softer consumer sentiment. It is affecting our business. I think it will continue to affect the business in the coming months. But our business, as you know historically correlates really well with travel, which remains a priority for
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