Overview
- Pandora, which reported Wednesday, posted 2% organic growth in the first quarter on flat like-for-like sales.
- Revenue fell 3.3% to DKK 7.11 billion and the EBIT margin was 20.9% after about 440 basis points of pressure from tariffs, silver costs and currency swings.
- Full-year guidance stays at minus 1% to plus 2% organic growth with a 21% to 22% EBIT margin, and early second-quarter trading is roughly flat on a like-for-like basis.
- Asia-Pacific grew 12% and Latin America 6%, while North America and EMEA each declined 2% on a like-for-like basis as consumer sentiment weakened in developed markets.
- Pandora is leaning into more distinctive collections, shifting spend to social and earned media, advancing a platinum-plated line, and adding carbon-footprint labels to lab-grown diamonds.