Samsonite Group SA
01910: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %y | LOCK|hk#&? | LOCK|>k>mZC |
Samsonite Earnings: Weak Organic Growth and Rising Marketing Costs Reinforce Margin Concerns
Samsonite's third-quarter sales grew 1% in constant currency, while operating margin excluding one-off items fell about 280 basis points year over year to 11.5%. The firm also completed its acquisition of Béis on Oct. 1, which will contribute to revenue starting in the fourth quarter.
