Coronavirus: Pandora Revenue Increases as More Points of Sale Close

By John Jeffay / April 12, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Pandora reported an increase in its Q1 revenue, even though it's having to close more retail outlets because of the Covid pandemic.The Danish jeweler, best known for its charm bracelets, said sales for the quarter were up 13 per cent on organic basis to $719m.That's in spite of the fact that 35 per cent of its 7,000 points of sale globally were closed for business as of the end of March.The company said that during Q1 an average of around 30 per cent of its physical stores were temporarily closed. The figure for the end of February was 25 per cent.Pandora said it maintained its financial guidance for 2021, namely organic growth of above eight per cent and an EBIT margin of above 21 per cent.Detailed results for the quarter will be published on 4 May.

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok