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Home / Knowledge / News / Fashion / Casual bags maker Samsonite reports Q3 losses

Casual bags maker Samsonite reports Q3 losses

08
Dec '05

Casual bags maker Samsonite Corporation reported revenues for the nine months ended October 31, 2005 of $717.6 million compared to revenues of $659.4 million during the same nine-month period in the prior year.

Operating income for the first nine months of the year was $47.1 million compared to $42.8 million during the prior period.

Net loss to common stockholders for the first nine months of the year was $4.7 million, or $0.02 per share, versus $26.0 million, or $0.12 per share, during the prior period.

The net loss for the nine months ended October 31, 2005 included restructuring charges and expenses of $11.1 million and asset impairment charges of $5.5 million primarily related to the disposal of the Company's plant in Henin-Beaumont, France.

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Samsonite is one of the world's largest manufacturers and distributors of luggage and markets luggage, casual bags, business cases and travel-related products under brands such as SAMSONITE, AMERICAN TOURISTER, LARK, LACOSTE and SAMSONITE black label.

Samsonite Corporation

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