Pandora Raises Outlook Following Q3 Profit Beat
Jewellery maker Pandora raised its full year revenue and profitability targets after reporting a third quarter operating margin that beat analyst expectations. The company also announced plans to expand its platinum plated jewellery line into major international markets.
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PANDORA A/S raised its near-term revenue and profitability targets on Wednesday, expecting a demand boost from new collections and platinum-plated products. The Copenhagen-listed jeweller saw its shares rise 6.7% during morning trading, outperforming the broader European market. Pandora is accelerating product launches and shifting marketing online to keep its brand accessible.
