COPENHAGEN (Reuters) – Jewellery maker Pandora on Tuesday posted organic sales growth of 12% in February despite around a quarter of its 2,700 stores worldwide being shut.
“Pandora is pleased with the performance so far in 2021,” Pandora said in a trading statement, adding that sell-out growth in the United States continued to be “very strong.”
Sales in shops or online to customers in February grew 7% year on year, it said.
Year to date, organic growth stood at 4% with while actual sales to customers grew 1%, Pandora said. It kept its financial guidance unchanged.
The number of stores shut fell to 25% from 30% at the beginning of February, it said.
(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)