Articles
Pandora Rings Alarm Bells for 2012
- Category: Shine Times
- Created on Tuesday, 21 February 2012 07:28
- Published on Tuesday, 21 February 2012 07:28
- Written by Chris Hughes
Q4 net profit drops in 2011 signals declining sales and narrow margins.
To the delight of numerous independent jewelers, interest in Pandora appears to be waning. The company, which is the third-largest jewelry brand worldwide, reported on Tuesday a 10 percent drop in Q4 net profit in 2011. In the face of slower sales and narrow margins, Pandora stated it believes 2012 will be a "transition year" as it "moves ahead with the implementation of an adjusted business strategy." Pandora stated it expects a 2012 gross margin of around 60-70 percent. The margin will be negatively impacted by a reduction in selling prices and input price pressure, the company stated.
Read more at the Wall Street Journal