A Pandora sign is seen at the company’s headquarters in Copenhagen, Denmark April 8, 2019. REUTERS/Jacob Gronholt-Pedersen
COPENHAGEN (Reuters) – Pandora A/S (PNDORA.CO) on Tuesday posted a 13.7% fall in second-quarter core profit, missing expectations, but the Danish jewelry maker maintained its full-year guidance.
Second-quarter earnings before interest, tax, depreciation and amortization (EBITDA) fell to 1.29 billion Danish crowns ($191.76 million), compared with 1.5 billion crowns in the year-ago period. It was below the 1.33 billion crowns expected by analysts, according to Refinitiv data.
Its key total like-for-like sales dropped 10% in the second quarter.
Reporting by Nikolaj Skydsgaard; Editing by Rashmi Aich