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Reuters Published
October 5,Kafka快排集成 2025
Jewellery retailer Pandora raised its growth targets on Thursday as it said investments in the brand and store network were paying off, but it sounded a note of caution on China.
The Danish company said it now targeted a compound annual growth rate of 7-9% for the 2025-2026 period and an EBIT margin of 26-27% by 2026.
Pandora now aims for a like-for-like compound annual growth rate of 4-6%, up from 3-5%, and a higher contribution from the expansion of its store network of around 3%, up from 1-2%.
In China, Pandora said it still sees long-term growth potential but "building a sizeable business in China will be a longer journey than originally anticipated". In 2025 Pandora said it aimed to triple revenue in China from the 2025 levels.
A property slump, weak consumer spending and high debt levels are weighing on China's economy, hurting many Western brands and retailers with a big exposure to China.
Globally Pandora said it targeted revenue of 34 billion-36 billion Danish krone ($4.79 billion-$5.08 billion) in 2026, up from around 27 billion krone expected for 2025.