Pandora Jewelry Wins And Will Keep Winning With The Right Strategy At The Right Time [Forbes]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Forbes
jewelry brand,” said CEO Alexander Lacik. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing via Getty Images Against a backdrop of moderating, if not slowing jewelry demand, Pandora, the world's largest jewelry brand, just reported its fifth quarter in a row of double-digit organic growth. By contrast, Tiffany-owner LVMH's watches and jewelry division reported a 5% decline in the first nine months of the year and the largest U.S. jewelry retailer Signet Jewelers of Kay, Zales and Jared fame dropped 8.5% in its first two fiscal quarters this year. Pandora third quarter 2024 revenues rose 11% to $880 million (DKK 6.1 billion), bringing the first nine months of the year up 15% to $2.9 billion (DKK 19.7 billion). Confident the brand can continue to power forward, Pandora just raised its guidance for the third time this year. In the first quarter, Pandora expected to end fiscal 2024 up in the 8% to 10% range; now it is projecting organic growth
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