Pandora’s Q1 Earnings Exceed Expectations, to Adjust Expansion Plans in China

5月 08, 2023

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&# …