Pandora Upgrades 2013 Financial Guidance

Pandora has upgraded its 2013 financial guidance after seeing “solid performance” from all regions.

A statement noted that U.S. second quarter sales at its concept stores rose 8.8 percent over 2012 figures, and there were also gains in Australia (22.4 percent), the United Kingdom (11.6 percent), and Germany (1.7 percent).

The company now expects 2013’s revenue to total approximately 8 billion Danish krone ($1.42 billion), up from its previous guidance of DKK 7.2 billion.

JCK News Director