0540 GMT - Pandora's underlying brand momentum remains strong despite the hiccup in July, Alexander Lacik, CEO of the Danish jeweler, says. The group reported an increase in like-for-like sales of 2% last month, slowing from the 3% rise it posted for the second quarter as a whole. The result fell short of consensus expectations of like-for-like growth of 4% for the quarter, prompting a share drop. The stock fell more than 18% on Friday to 844.6 kroner. Lacik calls the share move an overreaction. The CEO notes that the company reiterated its outlook for the year, implying a slightly higher pace than the one it saw in July. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
August 18, 2025 01:41 ET (05:41 GMT)
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