Samsonite International’s share jumped 7.1% as the suitcase sales company announced a 62% increase in first quarter sales.
Samsonite announced late yesterday that its net sales performance improved in February and March, as vaccination campaigns led many countries to further ease restrictions on coronavirus.
Net sales rose to $ 573.6 million in the first quarter from $ 354.7 million a year ago.
Gains were $ 21.2 million, compared with a loss of $ 72.7 million a year ago.
The company added that in April, the decline in net sales compared to 2019, had moderated further from the first quarter.
These net sales do not include sales in Russia, due to the suspension of the company’s commercial activities due to the war.
Source: Capital
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