Samsonite Group S A (SMSOF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for taking the time to join Samsonite's first quarter 2025 results presentation. We have our CEO, Kyle Gendro, and our CFO, Reza Talagani, with us today. And Kyle will start off with a few comments. Thank you. Okay. Thanks, William. Thanks, everybody, for joining us. I'm assuming you can see the slides. I'm on page five of our deck. And so let me start with just what we're seeing. And what I would say is we're confidently managing through market uncertainties with agility and focus. And I would say across all of our teams globally, as you'd expect, particular focus in North America. But everybody's very focused on the backdrop today. We're seeing a macroeconomic environment that's a bit more uncertain. That's not new news to anybody on the call. And it's risen considerably, I'd say, worldwide, and the tariff situation in the U.S. remains fluid. Basically, weekly we're getting a sense for updates. And that is impacting consumer sentiment across our markets. And our teams, again, around the world are managing the business with real agility and focus, real track record for managing through economic uncertainties in a really strong way. We have very strong industry dynamics. They continue to remain in place. So we're seeing softer consumer sentiment. It is affecting our business. I think it will continue to affect the business in the coming months. But our business, as you know, historically correlates really well with travel, which remains a priority for consumer spending and is expected to grow both in the near term this year, travel outlook for this year, 4% to 5% growth, and long-term still stays in place. Additionally, we have real opportunities, as you know, both in the short term, but particularly in the long term on non-travel, which we continue to grow...