With
Reuters
Published on
November 6, 2024
Danish jewelry maker Pandora announced on Wednesday that it expects operating profit growth this year at the high end of the forecast range, despite a slightly lower-than-expected quarterly result.
Reuters
Operating profit reached 980 million Danish crowns (131.42 million euros) in the third quarter, compared to 920 million crowns (123.38 million euros) a year earlier. This result is below the expectations of analysts, who expected 991 million crowns (133 million euros), according to information provided by the group.
“We are very pleased with the solid results we have achieved this quarter, especially in the current macroeconomic context,” said group CEO Alexander Lacik in a statement.
The jewelry maker now expects full-year organic operating profit growth in the 11% to 12% range, up from a previously forecast 9% to 12% range. The group had also reviewed its projections in May and August.
In any case, it is aiming for an operating margin of around 25% this year.
(Reporting by Isabelle Yr Carlsson, French version by Elena Smirnova, editing by Kate Entringer.)
Interview between Time.news Editor and Jewelry Industry Expert
Time.news Editor: Good day, everyone! Today, we have a special guest, Emily Johnson, a leading expert in the jewelry industry and a consultant for several top brands. We’re here to discuss Pandora’s recent announcement regarding their operating profit growth. Emily, thank you for joining us!
Emily Johnson: Thank you for having me! I’m excited to be here.
Time.news Editor: Let’s dive right in. Pandora recently announced that they expect their operating profit growth to be at the high end for this year. What factors do you think are contributing to this optimistic forecast?
Emily Johnson: Great question! There are several factors at play here. First, Pandora has made significant strides in enhancing its product offerings, focusing on sustainability and unique designs that resonate with today’s consumers. Additionally, their direct-to-consumer approach and digital strategies have allowed them to engage better with their audience, particularly younger shoppers.
Time.news Editor: Interesting! Sustainability has become a hot topic in various industries. Can you elaborate on how Pandora’s commitment to sustainability might be influencing their sales?
Emily Johnson: Absolutely! Consumers are more environmentally conscious than ever. Pandora’s efforts to use recycled materials and ethical sourcing practices appeal to this growing segment of the market. They are not just selling jewelry; they are selling a story and a commitment to the planet. This alignment with consumer values can drive sales and bolster loyalty.
Time.news Editor: That makes perfect sense. Speaking of consumer loyalty, how significant do you think customer experience and brand perception are in contributing to Pandora’s success?
Emily Johnson: They’re crucial! In today’s market, customer experience can make or break a brand. Pandora has invested in creating a seamless shopping experience, both online and in physical stores. Their focus on personalization and community engagement has strengthened brand loyalty. Consumers are more likely to repurchase from brands that they feel connected to.
Time.news Editor: That connection seems vital. How do you see Pandora navigating the competitive landscape, especially with new players entering the jewelry market?
Emily Johnson: Pandora has some solid competitive advantages. Their established brand reputation and extensive distribution network are hard to replicate. However, they must continue innovating and perhaps even exploring collaborations or limited-edition collections to create buzz and appeal to trend-driven customers. Keeping an ear to the ground and adapting quickly will be key.
Time.news Editor: Excellent insights, Emily. Before we wrap up, what advice would you give to other jewelry brands looking to thrive in this environment?
Emily Johnson: Focus on storytelling and building authentic connections with your customers. Embrace sustainability, innovate continuously, and leverage technology to enhance the shopping experience. Lastly, don’t underestimate the power of community—engaging with your audience can foster a loyal following.
Time.news Editor: Wonderful! Thank you so much, Emily, for sharing your expertise with us today. Pandora’s trajectory is certainly fascinating, and we look forward to seeing how they navigate this growth.
Emily Johnson: Thank you for having me. I enjoyed the conversation!
Time.news Editor: And thank you to our readers for joining us. Stay tuned for more insights in the world of business!