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PANDORA’S JEWELLERY SALES UP TO GUIDANCE IN 2019

Like-for-like sales in 2019 are expected to drop 8% - in line with expectations
pandora fashion jewelry
Credit: Iris Hortman

Pandora has released preliminary results for 2019, confirming the Danish jeweller’s financial guidance for the year.

 

Pandora China jewelry store
Credit: Iris Hortman

 

In the fourth quarter, like-for-like sales are expected to fall 4%, while like-for-like sales in 2019 are expected to drop 8% – both in line with the expectations Pandora published at the beginning of the year. Organic growth is expected to be -1% for Q4 and -8% for the full year. Pandora added that “like-for-like is expected to be negative in 2020. Further, the 2020 EBIT margin excluding restructuring costs are expected to be lower than in 2019”.

 

pandora fashion jewelry store
Credit: Iris Hortman

 

In August 2019, Pandora unveiled its new visual identity, store design, products and collaborations, making “the largest marketing investment in the company’s history”.



Tags: Diamonds News, Jewelry News, Diamond Jewelry News

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