SEHK:1910Luxury
Samsonite (SEHK:1910) Stock Slides As Margin Pressure Deepens
Samsonite Group stock has drifted lower in recent months, with the share price down about 10% over 90 days to close at HK$13.22 on Friday. Yet the latest quarter shows the real pressure point is not sales; it is profitability. Net income for Q2 came in at US$58.7m on revenue of US$851.5m, while trailing net profit margin over the past year sits at 7.4% compared with 8.5% a year earlier.
For anyone thinking beyond today’s tick-by-tick moves, that margin squeeze is the headline and it sets the...