Pandora Sees Sales Slowing, Pauses Buyback on Silver Prices

Pandora A/S forecast slowing sales this year and said it will pause buybacks while reducing its exposure to volatile silver prices.

The Danish jeweler expects organic sales to grow as much as 2% in a best-case scenario and to decline as much as 1% otherwise, in what would be the first sales drop since the pandemic. That missed analysts’ consensus of 3.9% growth.