Erwan Rambourg's questions to Samsonite Group SA (SMSEY) leadership • Q1 2025
Question
Erwan Rambourg asked for clarification on the Q2 sales outlook, questioned if the company would 'play catch up' to strong travel trends, and inquired about the scale and scope of price increases being used to mitigate tariff impacts.
Answer
CEO Kyle Gendreau clarified that the Q2 sales outlook is expected to be similar to Q1 on a consolidated basis, with minor regional variations not being significant enough to alter the overall trend. He affirmed the long-term correlation to travel remains intact but is currently affected by consumer sentiment, and noted that pricing actions to offset tariffs are fluid and primarily focused on the U.S. market, declining to provide specific figures.