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Asharq Al-Awsat

Lifestyle

Asharq Al-Awsat

Pandora Reaffirms Forecast Even as US, China Sales Disappoint

Pandora China Jewelry Economic Stimulus United States

Pandora products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, US, February 15, 2022. (Reuters)

Danish jewelry maker Pandora reported second-quarter sales in line with expectations and reaffirmed its annual forecast, despite disappointing sales in the United States and China.

Organic growth in the US market was down 12% in the quarter compared to the previous year, when sales in its biggest market were boosted by coronavirus-related economic stimulus packages.

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