On May 3rd, Danish jewelry brand Pandora released its key financial data for Q1 of the 2023 fiscal year. The company’s revenue increased 1% YoY to DKK 5.85 billion on an organic basis, slightly higher than analyst expectations, while remaining unchanged from the previous year on a comparable basis. Despite facing macroeconomic challenges, Pandora has maintained strong growth for the fourth consecutive quarter. However, the company’s sales in China declined 26% YoY to DKK 161 million on a comparable basis (35% YoY decline on a comparable basis), contributing 3% to Pandora&# …
