Samsonite Group SA

01910: XHKG (HKG)
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Samsonite Earnings: Cost Step-Up Signals Margin Normalization; US Listing a Key Catalyst

Samsonite's first-quarter sales were flat, but operating profit fell 16% due to cost inflation, new store openings, higher marketing spending, and increased freight costs. For the rest of the year, management expects low-single-digit constant-currency sales growth.

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