Pandora reports fourth consecutive quarter of revenue increase

May 9, 2023
212 views
0 share
Source: https://www.jewellermagazine.com
Category: Marketing

The world’s largest mass-market jewellery brand, Pandora, has reported a modest increase in revenue in the opening quarter of 2023.


Revenue improved by one per cent on a year-by-year comparison, reaching $US864.8 million ($AU1.28 billion).


The Copenhagen-based business opened 87 new concept stores and 112 new stores worldwide. Online sales decreased by six per cent. 


“We have started 2023 well with resilient improvement and solid margins,” CEO Alexander Lacik said in a statement.


“Our investments in lifting the brand are paying off with a good performance from our Moments brand and strong results from the newer platforms, Timeless and Pandora ME. It’s clear that we are increasingly the jewellery brand of choice, particularly for gifting occasions.”


Pandora has adjusted its forecast for the full year following the opening quarter sales results, anticipating an organic revenue decrease of between two and three per cent.

References


https://www.jewellermagazine.com/Article/12236/Pandora-reports-fourth-consecutive-quarter-of-revenue-increase

Comments


Pandora reports fourth consecutive quarter of revenue increase

May 9, 2023
212 views
0 share
Source: https://www.jewellermagazine.com
Category: Marketing

The world’s largest mass-market jewellery brand, Pandora, has reported a modest increase in revenue in the opening quarter of 2023.


Revenue improved by one per cent on a year-by-year comparison, reaching $US864.8 million ($AU1.28 billion).


The Copenhagen-based business opened 87 new concept stores and 112 new stores worldwide. Online sales decreased by six per cent. 


“We have started 2023 well with resilient improvement and solid margins,” CEO Alexander Lacik said in a statement.


“Our investments in lifting the brand are paying off with a good performance from our Moments brand and strong results from the newer platforms, Timeless and Pandora ME. It’s clear that we are increasingly the jewellery brand of choice, particularly for gifting occasions.”


Pandora has adjusted its forecast for the full year following the opening quarter sales results, anticipating an organic revenue decrease of between two and three per cent.

References


https://www.jewellermagazine.com/Article/12236/Pandora-reports-fourth-consecutive-quarter-of-revenue-increase

Comments


We uses cookies to improve website performance. You can learn more about the use of cookies at Cookie Policy   Setting Accept

×
140 ITF Tower Building, 4th Floor,<br> Silom Road, Suriyawong, Bangrak, <br>Bangkok10500, Thailand
Phone: (662) 634-4999 ext 444
Fax: (662) 634-4970