Pandora first-quarter sales above estimates, raises sales guidance

2022.05.04 08:53

Pandora products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/Files

COPENHAGEN (Reuters) – Danish jewellery maker Pandora (OTC:PANDY) reported better-than-expected sales for the first quarter on Wednesday and slightly raised its full-year sales guidance.

Pandora now expects full-year organic growth to come in between 4% to 6%, versus a previous forecast of 3% to 6%, but said the forecast for 2022 was subject to “elevated uncertainty”.

The company said it saw sales in the first quarter grow 21% to 5.7 billion Danish crowns, above an average of 5.2 billion expected by analysts in a poll compiled by the firm in April.

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