Pandora trims profitability target despite strong US growth amid tariff fears

Pandora has lowered its annual profit margin guidance for 2025 after a strong start to the year, citing the decline of the U.S. dollar and the potential impact of rising U.S. tariffs on its costs.
The Danish jewellery giant saw first-quarter sales in the U.S. grow 11%, making it the strongest market for the brand. Revenue in North America accounted for 32% of Pandora’s total sales, underlining its importance to the company’s performance.
In the first quarter of 2025, Pandora’s