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Pandora sales up 13% but fall short of pre-pandemic numbers

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Jewellery giant Pandora has reported significant growth of its business through the first quarter of 2021.

The company’s organic growth by comparison to the first quarter of last year was up 13%.

It was, however, down by 3% when compared to the last pre-pandemic first quarter, two years ago, in 2019.

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Meanwhile, sell-out growth including temporarily closed stores for the quarter was up 21% year-on-year.

When compared to 2019, however, it was down by 5%.

The company revealed that it entered into a “silent period” at the beginning of April and will thus be offering no comment on the news.

It will break its silence in its 4 May Q1 interim report, Pandora concluded.

The above figures show a steady improvement in March by comparison to February. Read more below:

Pandora’s monthly sell-out figures up 7% despite a quarter of stores being out of action

Tags : Pandora
Sam Lewis

The author Sam Lewis

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