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Pandora reports 15% Q2 revenue growth despite China decline

Danish jewelry brand Pandora has released its Q2 2024 financial report, posting 15% organic revenue growth to 6.77 billion Danish krone ($1.01 billion), a gross margin of 80.2%, and 19.8% organic growth in EBIT to 1.338 billion Danish krone ($199 million). Regionally, revenue in Europe grew 10% YoY, maintaining a stable increase; the US market saw a 5% revenue growth, while the Chinese market experienced a significant 23% decline, the largest drop among regions. Pandora stated that it will continue investing across the entire value chain to enhance brand appeal and reposition Pandora as a complete jewelry brand.

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