Pandora set to meet sales and profit forecast for 2019

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Pandora set to meet sales and profit forecast for 2019

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.

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.

News Source: professionaljeweller

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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