Samsonite Group S.A. (OTCPK:SMSOF) Q2 2025 Earnings Conference Call August 13, 2025 8:30 AM ET
Company Participants
Kyle Francis Gendreau – CEO & Executive Director
Reza Taleghani – CFO, Executive VP & Treasurer
William Yue – Vice President of Investor Relations
Conference Call Participants
Akshay Gupta – HSBC Global Investment Research
Dustin Wei – Morgan Stanley, Research Division
Kai Sheng – Haitong Securities Co., Ltd., Research Division
Operator
Good morning, good afternoon and good evening, ladies and gentlemen. Welcome to the Samsonite Group 2025 Interim Results Conference Call. [Operator Instructions] Please note that this event is being recorded.
I’d now like to hand the conference over to Mr. William Yue, Vice President of Investor Relations. Thank you. Please go ahead, sir.
William Yue
Thank you, operator. Thank you, everyone, for taking the time to join the call. Today, we have our CEO, Mr. Kyle Gendreau; and our CFO, Mr. Reza Taleghani, with us. And Mr. Gendreau will begin with a few opening remarks. Thank you very much.
Kyle Francis Gendreau
Okay. Thanks, William. Thanks, everybody, for joining. I’m starting on Slide 5. I’m assuming that is up and running. And I’m going to start with an overview of first half performance and importantly, the market dynamics that we’re seeing. When I think about where we are today, we’re significantly benefited from unprecedented revenge travel from 2021 to 2023, a period where the recovery of our business significantly outpaced the market. From 2021 to ’24, our reported net sales CAGR grew 6x faster than the bag and luggage industry as we are really set up to capitalize on that return of travelers in that time period.
On our recent sales trends, particularly in the back half of ’24 and first half ’25 reflect a normalization from this record-setting ’23 result, which has caused us to trail
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