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Holly LaFon
Holly LaFon
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Baron Funds Comments on Tumi Holdings Inc.

November 21, 2013 | About:

Tumi Holdings, Inc. (NYSE:TUMI) is a retailer of luggage and accessories. The stock was a detractor during the third quarter when the company saw a slowdown in U.S. sales. With North America representing 69% of total sales, this slowdown caused the company to lower its earnings estimates. We do not believe this slowdown is company-specific, as U.S. mall traffic was slow the last two quarters. (Laird Bieger)

From Ron Baron’s Baron Funds third quarter 2013 report.


Rating: 4.0/5 (1 vote)

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