Muschniel
Matrose
Joined: 17 March 2020
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Posts: 5
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| Posted: 17 March 2020 at 08:09 | IP Logged
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Financial performance was strong in
pandora jewellery
uk sale January and
February with particularly good development in the Online
Store and in some key markets generating positive like-
for-like. Total like-for-like excluding China was better
than the full-year financial guidance but the COVID-19
escalation has led to material weakness in sales across
markets.
In China, like-for-like has been
pandora charms uk
sale between -70% and
-80% since late January. Revenue is currently slightly
improving, but a return to normal demand will expectedly
take
time and be outside the control of Pandora. The European
markets, and Italy in particular, have been visibly
impacted
since late February. Italy generated solid positive like-
for-like in January and February, while trading in March
has
now almost come to a complete halt.
Australia is impacted due to a
pandora bracelet uk
outlet decline in
tourism and most other markets are now indirectly
impacted through a general dampening of consumer
sentiment. In the
markets affected by lock-downs and other governmental
measures, revenue is expected to be negligible while
these
circumstances prevail. The timing and pattern of the
return to normalised business is obviously subject to
uncertainty and outside the control of Pandora.
Pandora is actively managing cost
pandora uk
outlet levels, including
media, rent and other store costs, to ensure an
appropriate balance between protecting profits while
continuing to
drive revenue from the Online store and build on the
underlying momentum of the brand. Despite the headwind
caused by
COVID-19, profitability is expected to continue to be
strong in Q1 2020.
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U47.org Forum :: The Barracks
Topic: PANDORA TRADING UPDATE
