9-8-2021
Pandora shows expectations on its full-year sales and profit margin forecasts and sees a 16 to 18 percent yoy organic growth, up from a previous estimate of above 12 percent, buoyed by strong momentum in Q2 of 2021.
“The updated guidance is based on the assumption that five percent of the stores will be temporarily closed or severely impacted due to COVID-19 during the second half of 2021,” it said in a statement. To date, around six percent of its stores are temporarily closed as a result of the pandemic.
The jeweller attributes the continued robust performance in the United States and a sequential improvement in Europe due to eased social restrictions to the strong performance. Sales climbed 13 percent compared to the same period in 2019.
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