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After Ridiculously Good First Quarter, Pandora Sets Sights on $3 Billion Sales Mark

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Manufacturer’s footprint continues growing with more store openings planned.

Pandora raised its revenue expectations for the year after reporting outstanding first quarter results, as sales in the first three months of 2016 skyrocketed 34 percent over last year and profit reached nearly $200 million, according to Rapaport. The article says that the Denmark-based jeweler now forecasts its annual revenue to hit $3.06 billion, which would represent a 19 percent increase from a year ago. The company is attributing this year’s expected growth equally to higher same-store sales and its expanding store network, saying it now plans to open 275 concept stores in 2016, up from its previous estimate of 250.

Read more at Rapaport

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