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Pandora Q1 sales in China tank 27% YoY

Pandora’s first-quarter performance report reveals that the company achieved an organic revenue growth of 18%, reaching $980 million (6.83 billion Danish kroner). The growth rates in Pandora’s main markets in Europe and the United States stood at 9%, while other regions worldwide saw growth of 18%. However, the Chinese market experienced a 27% decline. The relatively optimistic performance has led the jewelry company to raise its revenue forecast for 2024.

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