Profit Warning

Pandora sales slip in third quarter

Jewellery brand Pandora has reported a 10% drop in like-for-like sales in its third-quarter results. Overall earnings over the quarter, before interest and tax, fell by 25%. Meanwhile, the company’s organic growth for the year is expected to land between -7% and -9%, despite previous forecasts of a growth between…

Read More »

Not so charmed

This month brought the news that Anders Colding Friis would stepping down as president and CEO of Pandora by the end of August. His departure was announced against a backdrop of shares which slumped by nearly a quarter on Tuesday 7 August after a reduced sales and profit growth forecast,…

Read More »

Pandora CEO steps down following profit warning

Pandora has announced Anders Colding Friis is stepping down as president and CEO of the company effective 31 August 2018. The company saw its shares slump nearly a quarter on Tuesday 7 August when it announced it was reducing its sales and profit growth forecast, and after a follow-up announcement…

Read More »