Pandora Shares Climb on Profit Beat Despite US Weakness
Pandora shares rose 9% after operating profits beat forecasts. Weak US sentiment led to a 2% sales drop while total revenue reached 7.11 billion crowns.
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PANDORA A/S reported first-quarter sales fell to 7.109 billion crowns ($1.12 billion) as weak sentiment among lower-income consumers hit North American revenue. The result beat analyst expectations of 7.089 billion crowns despite a 2% decline in comparable sales across the United States and Europe. Investors are weighing the jeweler's ability to protect margins against volatile raw material costs and shifting consumer spending patterns.
