Pandora Q4 Revenue Up 12 Percent, Exceeds Guidance

PARIS – Accessible luxury jewelry brand Pandora continued its steady growth momentum. The Danish company released its preliminary results Sunday evening, nearly a month ahead of schedule, on strong revenue boosted by the holiday period. Organic growth hit 12 percent for revenue of 10.8 billion Danish kroner, or $1.58 billion, while like-for-like sales were up 9 percent in the three months ended Dec. 31. The strong fourth-quarter performance lifted full-year organic growth to 8 percent, above the previously communicated guidance. That had been raised twice last year, most recently Nov. 8, as the company’s strategy started to see results and had been expected in the 5 to 6 percent range. The early release was due to exceeding the guidance by…

Source: WWD
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