Danish jewelry giant Pandora is sliding sharply on the Copenhagen Stock Exchange. The stock is down almost 7 percent at lunchtime after the company warned of a revenue shortfall for the full year 2025.
The company now says fourth-quarter revenue is expected to reach 11.9 billion Danish kroner, while analysts had previously expected an average of 12.3 billion Danish kroner, according to Bloomberg.
The company said in a comment that it had mainly seen a drop in activity in the North American market during the Christmas shopping season.
At the turn of the year, Swede Alexander Lacik stepped down as the company's CEO.
