Danish jewelry brand Pandora A/S experienced a 6.6% share increase and raised revenue guidance to 8-10% growth due to rising sales of lab-grown diamonds.
Danish jewelry brand Pandora A/S saw a 6.6% share increase after raising its revenue guidance to 8-10% growth, up from 6-9%, due to rising sales of lab-grown diamonds, which saw an 87% increase in Q1. Pandora's gross margins reached a record 79% due to higher prices and silver, currency benefits. Despite the subdued jewelry market, CEO Alexander Lacik credits brand investments for taking market share.
May 02, 2024
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