Samsonite Group S.A. (OTCPK:SMSOF) Q4 2024 Earnings Call March 13, 2025 8:00 AM ET
Company Participants
William Yue – Vice President, Investor Relations
Kyle Gendreau – Chief Executive Officer
Reza Taleghani – Chief Financial Officer
Conference Call Participants
Erwan Rambourg – HSBC
Kai Sheng – Haitong Securities
Dustin Wei – Morgan Stanley
Operator
Good morning, good afternoon, and good evening, ladies and gentlemen. Welcome to the Samsonite Group 2024 Annual Results Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like to hand the conference over to Mr. William Yue, Vice President of Investor Relations. Thank you. Please go ahead, sir.
William Yue
Thank you very much, operator, and thank you, everyone, for taking the time to join the call. Today, we have our CEO, Mr. Kyle Gendreau; and our CFO, Mr. Reza Taleghani with us to present our 2024 final results. And to begin, our CEO, Mr. Gendreau, will have a few opening remarks. Thank you very much.
Kyle Gendreau
Okay. Thanks, William. Thanks, everyone, for joining us. I’m on Page 5. I’m sure William will turn the pages for us.
We delivered top line growth in Q4, with improving sequential sales trend improvements across all of our regions. Our net sales for Q4 were $942 million, an increase of 1% in constant currency, compared to our Q4 last year that was up 21% versus 2019. Our top line sales growth was in line with our outlook and again, improved across all regions. I’ll show you that in a second. Our gross margin was very strong and remains robust, 60.2%, up 30 basis points to Q4 of the prior year, really driven off of discipline on promotion and discount that continues off the back of real SKU transformation during the pandemic, successful investments in brand elevation across all of our brands and increased share, particularly in Q4, increased share of
