Pandora Sets 2024 Organic Revenue Growth Target After Strong Run
Pandora Aims for Impressive Revenue Growth in 2024
Pandora, the world’s biggest jewellery maker, has announced its ambitious goal of achieving organic revenue growth of 6%-9% in 2024. This comes after the company experienced a remarkable sales surge of its silver charms and bracelets, propelling its share price to more than double since the beginning of last year.
Share Buyback Programme Announced After Stellar Fourth-Quarter Performance
Following the confirmation of strong fourth-quarter revenue and earnings, Pandora has unveiled a share buyback programme of up to 4 billion Danish crowns (approximately $577 million). This move reflects the company’s confidence in its financial position and future prospects.
Pandora’s Success Amid Challenging Retail Environment
Pandora’s success story is particularly noteworthy in the current retail landscape, where many brands struggle to attract aspirational consumers with affordable luxury items. With its presence in over 100 countries, the jewellery brand has emerged as a rare bright spot, showcasing the enduring appeal of its products in the global market.