Pandora Shares Rise on Earnings Beat Despite US Slowdown
The Danish jeweller reported first-quarter operating profit of 1.487 billion crowns, exceeding analyst forecasts even as sales in North America fell by 2%. CEO Berta de Pablos-Barbier noted that high inflation and fuel prices are disproportionately impacting middle- and low-income earners.
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PANDORA A/S reported a 2% drop in North American comparable sales as middle-income shoppers cut spending. The result reflects a deepening "K-shaped" recovery where high-end demand persists while lower earners face inflationary pressure. CEO Berta de Pablos-Barbier is working to stabilize the company amid weak consumer sentiment in core markets.