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Pandora set to meet sales and profit forecast for 2019

Pandora_Birmingham_September_1

Pandora looks set to meet its sales and profit margin forecast for 2019 as the jewellery giant shares its preliminary results.

Based on unaudited financial numbers, Q4 total like-for-like is expected to be -4% concluding the financial year 2019 with total like-for-like of -8%, which is in line with the expectations communicated at the beginning of the year. Organic growth is expected to be -1% for Q4 and -8% for the full year.

The full-year EBIT margin excluding restructuring costs is expected to be in the upper end of the 26-27% range previously indicated.

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Despite sales experiencing a dip, these results show signs that Programme Now is positively impacting business.

Like-for-like sales is expected to be negative in 2020 as the forceful turn-around programme continues.

Pandora will release its full annual report on Feb 4.

Tags : JewelleryPandoraprofitssales
Stacey Hailes

The author Stacey Hailes

Editor, Professional Jeweller

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