Samsonite Group S.A. Announces Results for the Third Quarter and Nine Months Ended September 30, 2026

Kyle Gendreau, Executive Director and Chief Executive Officer of Samsonite Group S.A.

“Samsonite Group returned to growth in the third quarter of 2026. Constant currency net sales increased 0.6%((1)) year-over-year, ahead of our outlook, with sequential improvement across all regions, as well as for both the Samsonite and TUMI brands. We delivered this growth despite ongoing travel and inflationary headwinds related to the Middle East conflict, a challenging demand environment, particularly in the U.S., and a sequentially tougher prior-year comparison. This progress reflects continued execution of our growth strategy, including increased brand investment, expanded e-commerce penetration across all regions, expansion in the lifestyle bags((3)) category, a significant whitespace opportunity, and successful product launches that resonated with consumers globally.”

Kyle Gendreau, Executive Director and Chief Executive Officer of Samsonite Group S.A.

“Importantly, underlying net sales trends are improving. Excluding the Middle East and India, constant currency net sales increased 1.0%((1)) year-over-year in the third quarter of 2026, led by continued strength in Asia, while North America improved meaningfully from the second quarter of 2026. Our performance is once again tracking global travel trends, and the third quarter marked an important step toward returning Samsonite Group to its long history of growth. This gives us confidence that our momentum will continue into the fourth quarter, despite a challenging macroeconomic environment.”

Kyle Gendreau, Executive Director and Chief Executive Officer of Samsonite Group S.A.

“We delivered underlying gross margin expansion, and disciplined cost management allowed us to fund strategic growth investments while maintaining healthy profitability. Excluding U.S. tariff refunds, gross profit margin increased by 20 basis points year-over-year to 59.8%. Excluding tariff refunds, adjusted EBITDA margin((4)) was 14.3%, up 20 basis points sequentially from the second quarter of 2026. Our business also continues to generate significant cash. Adjusted free cash flow was US$108.3 million during the quarter, an increase of US$43.6 million year-over-year, giving us the flexibility to invest in growth, fund a strategic acquisition, return cash to shareholders, and maintain a strong balance sheet. As part of our capital allocation priorities, today we announced a US$50 million share repurchase program to be initiated following the announcement of our third quarter 2026 earnings.”

Kyle Gendreau, Executive Director and Chief Executive Officer of Samsonite Group S.A.

“We are thrilled to have completed the acquisition of BÉIS, LLC on October 1, 2026. BÉIS is a fast-growing lifestyle brand with strong digital capabilities that strengthens our presence in lifestyle bags and expands our reach to new consumer segments. Sales at BÉIS will be accretive to our growth and have remained strong since the closing, supported by successful product introductions and collaborations, and the integration is proceeding well.”

Kyle Gendreau, Executive Director and Chief Executive Officer of Samsonite Group S.A.

“Looking ahead, while we remain mindful of ongoing macroeconomic and geopolitical uncertainty, we believe our portfolio of industry-leading brands, global platform, product innovation capabilities and strong financial position leave us well positioned to drive sustainable, profitable growth.”