Lowering Samsonite’s Outlook and FVE, Second Tariff Hike Will Take a Bite
We’re expecting narrow-moat rated Samsonite’s earnings to remain weak following another price rise on its U.S. products. The company has raised its luggage prices in the U.S. by up to 10% in order to mitigate the additional 15% tariff imposed in June on China imports. We think this adds greater risk to its sales for the rest of 2019 and coupled with unrest in France and Hong Kong, and ongoing U.S.-China trade war tension, we believe weak consumer sentiment will hurt sales growth. While the compa...Samsonite International is active on the travel luggage market. Co. is engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags, and travel accessories throughout the world, primarily under the Samsonite® and American Tourister® brand names and other owned and licensed brand names. Co. sells its products through wholesale distribution channels and through Co.'s operated retail stores. Co.'s principal luggage wholesale distribution customers are department and specialty retail stores, mass merchants, catalog showrooms and warehouse clubs. Co. sells its products primarily in Asia, Europe, North America and Latin America.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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