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Europe's sales declined by 1% due to slowdowns in key markets like germany, britain, france, and italy. Jewellery maker pandora said on wednesday that its growth and profit margin this year would be lower than last, forecasting sluggish european demand but stronger consumer sentiment in its. Lfl growth in the us and rest of pandora remained robust at 6%
Shares in danish jewellery maker pandora plummeted on friday after the company flagged weakening sales in its key european markets, only partially offset by robust sales in the united states. Danish jewellery maker pandora said today that its growth and profit margin this year would be lower than last, as it expects sluggish demand in europe and slowing growth in germany after a. The company is prioritizing more affordable jewelry and saw u.s
Sales strengthen with price increases, as regional differences in performance and consumer demand come into focus for its business.
The ”rest of pandora,” which accounts for around 35 percent of the business and includes other european markets, recorded a 6 percent increase in revenue. Europe showed a mixed performance, with a contraction of 1% and declines in germany (down 9%), the u.k (down 8%) and france (down 7%). Meanwhile, germany's comparable sales grew by 28%, slower than the 42% growth in the third quarter
Revenues fell in both france and italy, which pandora said were impacted by economic challenges and an intense promotional environment.
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