Gregory, High Sierra Parent Company Surges in Q2 as Travel Returns Across Globe

August 16, 2023

Samsonite International S.A., parent to the Gregory, High Sierra, Tumi, Kamiliant, ebags, Lipault, and Hartmann brands, among others, reported that net sales for the three months ended June 30 were $924.1 million, an increase of 36.1 percent in constant-currency terms when compared to the second quarter of 2022.

Compared to the corresponding pre-pandemic period in 2019, Samsonite’s net sales for the second quarter of 2023 increased by 14.6 percent, gross profit margin increased by 400 basis points, Adjusted EBITDA and Adjusted EBITDA margin by 38.1 percent and 540 basis points, respectively, and Adjusted Net Income by 28.5 percent despite marketing spend as a percentage of sales rising by 110 basis points. SGB Media