Pandora posts double-digit growth after a strong holiday season

Pandora has reported double-digit growth in its fourth quarter and for the full year following a strong holiday season. The jewellery brand has been on a winning streak lately, with Q4 marking Pandora’s sixth consecutive quarter of double-digit organic revenue growth. In its report on its full-year results, the company shared details about what drove U.S. sales, its new e-commerce platform, and its plans for lab-grown diamonds.

Fourth-quarter revenue was up 11 per cent year-over-year, organically and at actual exchange rates, to 11.97 billion Danish kroner ($1.67 billion), with 6 per cent in same-store sales growth. For the full year, revenue grew 13 per cent, organically and at actual exchange rates, totalling 31.68 billion Danish kroner ($4.42 billion), with like-for-like sales up 7 per cent.