Pandora posts  Q3 sales growth amid low consumer sentiment

Pandora delivered modest sales growth in its third quarter as it grapples with “weak” consumer sentiment and uncertainty heading into the fourth quarter. In Q3, the company focused on marketing, offering new collections backed by celebrity ambassadors while promoting itself as an accessible luxury brand.

The retailer posted sales growth, particularly in the United States, despite “significant headwinds” from tariffs, commodity prices, and foreign exchange rates. The third-quarter revenue was up 3 per cent year-over-year at actual exchange rates (6 per cent on an organic basis) to 6.27 billion Danish kroner ($964 million), with like-for-like sales increasing 2 per cent.

For the first nine months, revenue was up 5 per cent year-over-year at actual exchange rates (7 per cent on an organic basis) to 20.69 billion Danish kroner ($3.18 billion), with like-for-like sales growth of 8 per cent.