Pandora Beats Guidance on Robust Christmas Sales Growth

Pandora said that full-year performance was ahead of guidance after a solid profitability in the fourth quarter following a robust performance across the key period of Black Friday and Christmas.

The Danish jeweler on Sunday said that organic growth for 2023 reached 8%, ahead of its guidance range of 5% to 6%. Earnings before interest and taxes margin for 2023 landed at 25%, in line with the company’s guidance of around 25%, it added.